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please help. need answers in excel formal =B3+C3 begin{tabular}{|l|r|r|} hline multicolumn{1}{|c|}{A} & multicolumn{1}{c|}{B} hline 1 & & hline 2 & Adams Corporation evaluates
please help. need answers in excel formal =B3+C3
\begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{A} & \multicolumn{1}{c|}{B} \\ \hline 1 & & \\ \hline 2 & Adams Corporation evaluates divisional managers based on AOI. Operating results for the \\ 3 & & \\ \hline 4 & Sales & $27,000,000 \\ 5 & Variable expenses & 16,200,000 \\ 6 & Contribution margin & 10,800,000 \\ 7 & Fixed expenses & 8,805,000 \\ 8 & Net operating income & $1,995,000 \\ \hline 9 & & \\ \hline 10 & Divisional operating assets & $9,500,000 \\ \hline 11 & & \\ \hline \end{tabular} The Northern Division has an opportunity to add a new product line as follows: Required investment 15 Net operating income. $2,500,000$400,000 Adams Corporation's minimum acceptable rete of return 150 A1 fx : Accessibility tab summary: Financial information Adam's corporation is presented in rows 2 to 17. Statements of requiremer 19 Required: Compute the following: (Use cells A4 to B17 from the given information to complete this question.) 1. Northern Division ROI for last year 2. Northern Division ROI if new product line is added 3. Determine whether the Northern Division manager will ACCEPT or REIECT the new product line based on ROI. 4. Northern Division residual income for last year 5. Northern Division residual income if the new product line is added 6. Determine whether the Northern Division manager will ACCEPT or REIECT the new product line based on residual income Step by Step Solution
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