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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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