M & M Sports had the following information reported for the company as a whole and for their football equipment segments which are part of their operation. Total Helmets Shoulder Pads M & M Sports Segment Segment Sales $12,110,800 $1,257,800 $594,800 Income $1,066,700 $298,100 $37,000 Investment Base $4,497,500 $900,900 $120,700 $1,852,600 $335,100 $1,021,600 M & M Sports anticipates these relationships will stay consistent for the next business year. The Football Segment is looking at the possibility of adding a new segment next year for Rib Pads. The projected data for this segment is: Rib Protectors Sales $275,000 Income $41,500 Investment Base $95,000 (Round your answers to two decimal places when needed and use rounded answers for all future calculations) 1. Determine the return on investment for M & M Sports, for the Football Segment, the Helmets segment and the Shoulder Pads segment separately for the year. Football Helmets Shoulder Pads M & M Sports Segment Segment Segment Segment Net Income Investment base (assets) ROI (%) 2. Based on the information provided, determine the effect of adding the Rib Pads on the Football segment's return on investment and the Rib Pad segment alone. Football Segment Rib Pads w/Rib Pads Segment Segment Net Income Investment base (assets) ROI (%) 3. Assume the cost of capital is 20% for a segment. Using the above data, determine the residual income for all three segments and for the Football segment with and without the Rib Pads segment. Helmets Segment Shoulder Pads Segment Rib Pads Segment Football Segment without Rib Pads Football Segment with Rib Pads Segment Net Income Investment base (assets) Cost of Capital Minimum Income Residual Income