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Part (B) Daniel is undertaking an analysis of two of the main brands Fantastic Footwear sells. The following selected information has been compiled for the

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Part (B) Daniel is undertaking an analysis of two of the main brands Fantastic Footwear sells. The following selected information has been compiled for the year ended 30 June 2017: Sales Cost of sales Gross profit Other expenses Profit (loss) Investment Required rate of return 5% Nike $ 159,120 81,490 27,630 25,375 2,255 40,000 Adidas $ 131,065 56,220 24,845 15,965 8,880 12,000 Required: a) Calculate the return on investment and residual income for each brand based on the information above. b) Identify which brand is performing better based on your answers to part (a). Justify your

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