Augusta Corp's Golf Division has sales of $197,000, cost of goods sold of $107,000, operating expenses of
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Question:
Augusta Corp's Golf Division has sales of $197,000, cost of goods sold of $107,000, operating expenses of $32,000, average invested assets of $907,000, and a hurdle rate of 14.00 percent.
Calculate the Golf Division's return on investment and its residual income. (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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