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Bark and Bliss Limited is a pet supply company headquartered in Edmonton, Alberta. They have four different lines of business. Here is an excerpt of

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Bark and Bliss Limited is a pet supply company headquartered in Edmonton, Alberta. They have four different lines of business. Here is an excerpt of their financial statements for the December 31, 2020 fiscal year: Sales Division Dog Walking Brick & Online Shop Pet Training & Pet Care Mortar Stores $ 22,500,000 13,980,000 27,630,500 5,407,000 $ 1,250,000 1.840,000 2,845,200 1.134,750 $ 7,580,000 8,275,000 14,500,000 5,250,000 Net operating income Average operating assets Bark and Bliss Limited has a policy that all investments must have a rate of return of at least 15%. IN 11/12/2010 Bark and Bliss Limited has a policy that all investments must have a rate of return of at least 15% Required: a. What is the return on investment for each of Bark and Bliss' four lines of business? Round your calutations to one decimal place. (8 Marks) I b. If the Online Store division was able to reduce its operating expenses by $57,000, what would be its new return on investment? (2 Marks) c. What is the residual income for each of Bark and Blissfour lines of business? (8 Marks) d. If each line of business was offered an investment opportunity with an 18 ROL which lines of business would be MOST and LEAST likely to accept or reject the investment? Provide a brief explanation to support your decision. (Mark)

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