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Question 2 of2 [16 E View Policies Current Attempt in Progress Northern Pride Inc., a diversied company, operates four departments. The company has collected the
Question 2 of2 [16 E View Policies Current Attempt in Progress Northern Pride Inc., a diversied company, operates four departments. The company has collected the tollowingdepartmental information for 2020: Department Sales Cost of Goods Sold Operating Expenses Current Investment 1 $ 192,000 $ 144,000 $ 14,400 $ 163,000 2 36,400 33,600 24,576 201,600 3 1,440,000 L126,030 137,200 1,056,000 4 1,200,000 ?20,000 273,400 1,344,000 Calculate retu rn on investment and rank department performances. {Round answersto 0 decimal places, 8.3. 10%.} \fCalculate residual income and rank department performancea. Assume that the company requires a minimum return on the current investment of 10%. Department RI Rank 1 $ v 2 $ v :3 $ v
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