Nature's Bounty Corporation operates three divisions that process and bottle natural fruit juices. The historical-cost accounting system reports the following information for 2023: (Click the icon to view the information.) Required Nature's Bounty estimates the useful life of each plant to be 12 years, with no terminal disposal value. (Click the icon to see the useful life of the plants and the index of construction costs.) Given the high turnover of current assets, management believes that the historical-cost and current-cost measures of current assets are approximately the same. Required 1. Compute the ROI ratio (operating income to total assets) of each division using historical-cost measures. Comment on the results. 2. Use the approach outlined to compute the ROI of each division, incorporating current-cost estimates as of 2023 for depreciation expense and long-term assets. Comment on the results. 3. What advantages might arise from using current-cost asset measures as compared with historical-cost measures for evaluating the performance of the managers of the three divisions? Requirement 1. Compute the ROI ratio (operating income to total assets) of = each division using historical-cost measures. (Enter the ROI as a percentage rounded to two decimal places Operating income Total assets ROI Passion Fruit Division ) = % Kiwi Fruit Division ) = % Print Done Mango Fruit Division ) = % Construction index ata table The straight-line depreciation method is used. At the end of 2023, the passion fruit plant is 10 years old, the kiwi fruit plant is 4 years old, and the mango fruit plant is 1 year old. An index of construction costs over the 10-year period that Nature's Bounty has been operating (2013 year-end = 100) is as follows: Passion Fruit Division Kiwi Fruit Division 1,700,000 $ Mango Fruit Division $ 1,300,000 $ 2,550,000 2013 2019 2022 2023 Revenues Operating costs (excluding plant depreciation) Plant depreciation Operating income 400,000 300,000 760,000 230,000 1,200,000 190,000 100 120 160 175 $ 600,000 $ 710,000 $ 1,160,000 Current assets $ 425,000 $ 600,000 700,000 $ 1,840,000 750,000 2,090,000 Print Done Long-term assets-plant Clear all $ 2,540,000 $ Check answer 2,840,000 1,025,000 $ Total assets