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***PLEASE FILL OUT ANSWER IS FORMAT OF TABLE GIVEN. #1 IS ASKING FOR NUMBER AND PERCENT. *I KNOW IT HAS BEEN ASNWERED ALREADY BUT IT
***PLEASE FILL OUT ANSWER IS FORMAT OF TABLE GIVEN. #1 IS ASKING FOR NUMBER AND PERCENT. *I KNOW IT HAS BEEN ASNWERED ALREADY BUT IT WAS INCORRECT
Coolbrook Company has the following information available for the past year: Stream River Division Division 1.210.000 1.805.000 Sales revenue 896.000 Cost of goods sold and operating expenses 1,284,000 Net operating income 314.000 521.000 Average invested assets 1.120.000 1.500.000 The company's hurdle rate is 7.76 percent. Required: 1. Calculate return on investment (Roi) and residual income for each division for last year (Do not round your intermediate calculations. Round "Roi" answers to 2 decimal places.) River Stream Division Division ROI Residual IncomeStep by Step Solution
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