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Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division Sales revenue Cost of goods

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Orange Corp. has two divisions: Fruit and Flower. The following information for the past year is available for each division Sales revenue Cost of goods sold and operating expenses Net operating income Average invested assets DivisionFlower Division $ 1,380,000 2,070,000 1035,0001552,500 $ 345,000 517,500 $ 2,875,000 $ 2,070,000 Orange has established a hurdle rate of 8 percent. Required 1-a. Compute each division's return on investment (ROI) and residual income for last year. (Enter your ROl answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) Fruit DivisionFlower Division ROI Residual Income (Loss) 1-b. Determine which manager seems to be performing better O Fruit Division Flower Division 2. Suppose Orange is investing in new technology that will increase each division's operating income by $144,000. The total investment required is $2,200,000, which wil be split evenly between the two divisions. Calculate the ROl and return on investment for each division after the investment is made. (Enter your ROl answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) Fruit Division Flower Division ROI Residual Income oss

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