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Coolbrook Company has the following information available for the past year: Sales revenue Cost of goods sold and operating expenses Net operating income Average invested
Coolbrook Company has the following information available for the past year: Sales revenue Cost of goods sold and operating expenses Net operating income Average invested assets River Division Division S 1,206,000 $ 1,802,000 S 314,000 S 521,000 S 1,030,000 S 1,460,000 892,000 1,281,000 The company's hurdle rate is 6.76 percent. Required: 1. Calculate retum on investment Rol and residual income for each division for last year. Enter your ROI answers as a percentage rounded to two decimal places (Le 0.1234 should be entered as 12.34%. River DivisionS ROI 26.04 % 28.913% Residual Income (Loss)
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