Marvelous Motor Company makes electric cars and has only two products, the Simplegreen and the Marvelousgreen. To produce the Simplegreen, Marvelous Motor employed assets of S13,400,000 at the beginning of 2017 and $2,640.000 of assets at the end of 2017. Other costs to manufacture the simplegreen include the following: (Click the icon to view the other costs.) Read the requirements Requirement 1. Assuming that Marvelous Motor defines investment as average assets during the period, what is the return on investment for the Simplegreen division? Begin by calculating Simplegreen's operating income. Sales revenue A Requirements Less: Direct materials Setup Production Gross margin Selling and administration 1. Assuming that Marvelous Motor defines investment as average assets during the period, what is the return on investment for the Simplegreen division? 2. Calculate the residual income for Simplegreen ir Marvelous Motor has a required rate of return of 14% on investments. Operating income Print Done Data Table Direct materials $2,000 per unit Setup $800 per setup-hour Production $290 per machine-hour General administration and selling costs for Simplegreen total $6,230,000 in 2017. During the year, Marvelous Motor produced 16,000 Simplegreen cars using 5,000 setup-hours and 178,500 machine-hours. It sold these cars for $6,000 each. Enter any number in the edit fields and then click Check Answer. ? Print Done parts 2 remaining Clear All