nity it had in 2022 if residual income were used as a performance measure instead of ROI? Exp.am *P23.7A (LO 5), AN Writing Sentinel Industries has manufactured prefabricated houses for et into the precut housing market when it acquired Jensen Company, one of its suppliers. In this wake, 20 years. The houses are constructed in sections to be assembled on customers' lots. Sentinel expanded various types of lumber are precut into the appropriate lengths, banded into packages, and shipped to Sentinel uses return on investment (ROI) as a performance measure with investment defined earn a minimum rate of return of 18%. Jensen's ROI has ranged from 20.1% to 23.5% since it was acquired Jensen had an investment opportunity in 2022 that had an estimated ROI of 19%. Jensen management b. Would the management of Jensen Division have been more likely to accept the investment opport ze. customers' lots for assembly, Sentinel designated the Jensen Division as an investment center decided against the investment because it believed the investment would decrease the division's overal ROI. Selected financial information for Jensen is presented below. The division's average operating asker were $12,300,000 for the year 2022. Sentinel Industries Jensen Division Selected Financial Information For the Year Ended December 31, 2022 Sales $24,000,000 Contribution margin 9,100,000 Controllable margin 2,460,000 Instructions a. Calculate the following performance measures for 2022 for the Jensen Division 1. Return on investment (ROI). 2. Residual income. your answer. (CMA adapted