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Augusta Corps Golf Division has sales of $191,000, cost of goods sold of $101,000, operating expenses of $26,000, average invested assets of $901,000, and a
Augusta Corps Golf Division has sales of $191,000, cost of goods sold of $101,000, operating expenses of $26,000, average invested assets of $901,000, and a hurdle rate of 12.50 percent.
Calculate the Golf Divisions return on investment and its residual income. (Loss amount should be indicated by a minus sign. Do not round your intermediate calculations. Round your final answers to 2 decimal places.)
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