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Gold Company reported the following financial numbers for one of its divisions for the year: average total assets of $6,500,000: sales of $4,825,000; cost of

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Gold Company reported the following financial numbers for one of its divisions for the year: average total assets of $6,500,000: sales of $4,825,000; cost of goods sold of $2,550,000, and operating expenses of $1,372,000. Gold Company has established a target income level for its divisions equal to 10% of average invested assets. Compute the division's return on investment and residual income ORO-14% Residual income - $253,000 ROI-74: Residual income - $253,000 O ROS-14 Residual income - $1.625,000 O RO-14% Residual income -($7.000) O ROF-14. Residual income - 5903.000

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