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Augusta Corporation's Golf Division has sales of $198,000, cost of goods sold of $108,000, operating expenses of $33,000, average invested assets of $908,000, and a
Augusta Corporation's Golf Division has sales of $198,000, cost of goods sold of $108,000, operating expenses of $33,000, average invested assets of $908,000, and a hurdle rate of 14.25 percent. Calculate the Golf Division's return on investment and its residual income. Note: Enter loss amount with a minus sign. Enter your ROI answer as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34% ). Round your Residual Income (Loss) answer to the nearest whole dollar
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