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DO NOT COPY THE ANSWER FROM PREVIOUS POSTINGS- RATES ARE NOT THE SAME!!!! Awesome Motor Company makes electric cars and has two products, the Simplegreen
DO NOT COPY THE ANSWER FROM PREVIOUS POSTINGS- RATES ARE NOT THE SAME!!!!
Awesome Motor Company makes electric cars and has two products, the Simplegreen and the Awesomegreen. To produce the Simplegreen, Awesome Motor employed assets of $12,400,000 at the beginning of 2020 and $3,640,000 of assets at the end of 2020 . Other costs to manufacture the Simplegreen include the following: (Click the icon to view the other costs.) Read the requirements. Requirement 1. Assuming that Awesome Motor defines investment as average assets during the period, what is the return on investment for the Simplegreen division? Requirements 1. Assuming that Awesome Motor defines investment as average assets during the period, what is the return on investment for the Simplegreen division? 2. Calculate the residual income for Simplegreen if Awesome Motor has a required rate of return of 16% on investments. Data table
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