Cullumber Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Cullumber Corporation requires a 10% minimum return on investment. The following information is available for the year just ended.

Division		Gross Book Value of Assets		Divisional Operating Income
Ashton		$800,000		$94,960
Drye		752,800		91,360
Poole		440,000		57,800

(a) Calculate return on investment. (Round R01 to 2 decimal places, e.g. 5.12%.) Return on Investment Ashton Drye Poole Which division performed the best? (b) Calculate residual income.(If the amount is negative then enter with a negative sign preceding the number, e.g.-5,125 or parentheses, e.g (5,125). Residual Income Ashton $ Drye Poole$ Which division performed the best