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q37) Presented below is selected information for two divisions of Juliana Company: EasternWestern Sales$676,500$773,000Controllable margin58,140116,745Average operating assets114,000271,500 Calculate the return on investment for each division.

q37)

Presented below is selected information for two divisions of Juliana Company:

EasternWesternSales$676,500$773,000Controllable margin58,140116,745Average operating assets114,000271,500

Calculate the return on investment for each division.(Round answers to 2 decimal places, e.g. 15.25%.)

Return on investmentEastern division

%Western division

%

What is the residual income for each division if the required rate of return is 13%?

Residual IncomeEastern division$

Western division$

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