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e: 9-6)-Calculate return on investment and residual income for each segment Shaq Company operates with three segments, Louisiana, Orlando, and LA. Data regarding these segments

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e: 9-6)-Calculate return on investment and residual income for each segment Shaq Company operates with three segments, Louisiana, Orlando, and LA. Data regarding these segments follows Louisiana Segment Orlando Segment LA Segment 180,000 144,000 Contribution to indirect expenses 324,000 S LnveeAssets directly used by and identified with the segment 1,800,000 S 1440,000 S 720,000 Required: Assume the cost of capital is 15% for a segment. Calculate residual income for each segment. Rank them from highest to lowest (indicate 1, 2, or 3). Use the template below to solve this question. a. Segments Louisiana SegmentOrlando Segment LA Segment Total D) Income (D) Investment 31Desred mnimum ROI 2) x 1 5% (4) Residual income (I)- (3) 720 Investment Ranking: Assume the cost of capital is 17% for a segment. Calculate residual income for each segment. Rank them from highest to lowest (indicate 1, 2, or 3). b. Segments Louisiana SegmetOrlando Segment LA Segment Total D) Income 2) Investment (3) D red minimum Ror (2) x 17% Investment Ranking

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