Ivanhoe Corporation recently announced a bonus plan to reward the manager of its most profitable division. The three divisional managers are to decide which performance measure will be used to evaluate profitability. Ivanhoe Corporation requires a 10% minimum return on investment. The following information is available for the year just ended. Division Ashton Drye Poole Gross Divisional Book Value Operating of Assets Income $800,000 $94,960 752,300 91,620 449,000 58,590 (a) Calculate return on investment. (Round ROI to 2 decimal places, e.g. 5.12%.) Return on Investment Ashton Drye Poole 9 Which division performed the best? (b) Calcutate residual income. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parentheses, e.g. (5,125).) Residual Income Ashton $ tv MacBook Pro G Search or type URL DOO & 5 00. 7 9 0 T I 0 { [ 1 G H J L (b) Calculate residual income. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parentheses, e.g. (5,125).) Residual Income Ashton Drye $ Poole Which division performed the best? 2 I (c) Assume that Ivanhoe Corporation's weighted average cost of capital is 6% and its tax rate is 25%. Calculate economic value added. (If the amount is negative then enter with a negative sign preceding the number, 0.9. -5,125 or parentheses, 0.9. (5,125).) Economic Value Added Ashton Drye Poole Which division performed the best? Click if you would like to Show Work for this question: Open Show Work