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Current Attempt in Progress Northern Pride Inc., a diversified company, operates four departments. The company has collected the following departmental information for 2020: Department Sales
Current Attempt in Progress Northern Pride Inc., a diversified company, operates four departments. The company has collected the following departmental information for 2020: Department Sales Cost of Goods Sold Operating Expenses Current Investment 1 $ 160,000 $ 123,000 $ 10,400 $ 140,000 2 72,000 28,000 17,120 168,000 3 1,200.000 938,400 138,400 880,000 4 1,000,000 600,000 198,400 1,120,000 Calculate return on investment and rank department performances. (Round answers to O decimal places, eg. 10%.) Department ROI Rank 1 % 2 % Question 2 of 2 3 % 4 % e Textbook and Media Calculate residual income and rank department performances. Assume that the company requires a minimum return on the current investment of 5%. RI Rank Department 1 $ 2. . $ 3 $ $ 4 4 -2C
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