Please show work using the operating income, total assets, target rate of return for both companies to calculate their residual incomes.

Driver 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. Operating income Total assets X Target rate of return = Residual income Snow Data Table Sales Operating Income Total Assets Current Liabilities ROI Snow Sports Non-Snow Sports $ $ 5,300,000 $ 8,100,000 $ 954,000 $ 1,458,000 $ 4,700,000 $ 3,700,000 $ 410,000 685.000 20.3% 39.4% Driver's management has specified a target 16% rate of return. Print Done