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Exercise 18.16 Residual income, ROI, and EVA The following selected data pertain to Brannard Company's Construction Division for last year. Sales $2,240,000 Variable costs $1,344,000

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Exercise 18.16 Residual income, ROI, and EVA The following selected data pertain to Brannard Company's Construction Division for last year. Sales $2,240,000 Variable costs $1,344,000 Traceable fixed costs $224,000 Average invested capital (assets) $3,360,000 Current liabilities $224,000 Required rate of return 15% Marginal tax rate 36% Weighted average cost of capital 12% Required (Round answers to 0 decimal places.) Calculate the residual income. A Calculate the return on investment. % Calculate the economic value added. $

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