Part 1: First enter the formula, then calculate each divisions residual income. X Residual income Snow %) = Non-Snow X %) = Word options for first and second drop down of the residual income formula: Capital turnover, current liabilities, operating income, sales, or total assets Options for third drop down of the residual income formula: Effective tax rate, target rate of return, or WACC Part 2: Interpret your results. Both divisions have (positive, negative) residual income. This means that the divisions are earning income at a rate that (exceeds, is equal to, is less than) management's minimum expectations. *Please select the correct term in each set of parentheses to complete the sentence Part 3: Are your results consistent with each division's ROI This result is (consistent, not consistent) with each division's ROI. *Please choose the correct term Please label which part of the question you are answering so that I may follow along, and please refrain from partially answering the question. Thank you! Accel Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport: Snow Sports and Non-Snow Sports. The following divisional information is available for the past year: (Click the icon to view the information.) Compute each division's residual income. Interpret your results. Are your results consistent with each division's ROI? First enter the formula, then calculate each divisions residual income. Residual income Data Table Sales Operating Income Total Assets Current Liabilities ROI 5,600,000 $ 1,064,000 $ 4,400,000 $ 410,000 24.2% Snow Sports $ Non-Snow Sports $ 8,600,000 $ 1,634,000 $ 2,900,000 $ 685,000 56.3% Accel's management has specified a target 14% rate of return. Print Done