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PART VE(16 POINTS) Christensen & Co. is a manufacturing company that has two major investment centers. Both divisions have required a significant investment, and management

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PART VE(16 POINTS) Christensen & Co. is a manufacturing company that has two major investment centers. Both divisions have required a significant investment, and management wants to compare the performance of the two divisions. Below is information related to the two divisions. Division A Sales $80,000 Expenses $60,000 Asset investment $150,000 Division B $100,000 $80,000 $200,000 Management currently requires investments to meet a rate of return on asset investment of 5%. Required: 1. Which Division has the greatest level of "residual income"? 2. Which Division has the greatest ROI? Show computations

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