Question 4 (20 marks) Lily factory allows its departments to operate as autonomous units. Their results for the current year were as follows: Candy $2,200,000 Beverage 5670,000 Revenues 320,000 112,000 Current assets Capital assets Current liabilities Net operating income 765,000 276,000 312,000 218,000 483,000 107.000 57,000 39,000 Packaging $1,200,000 535,000 1,320,000 $32,000 420,000 299,000 After-tax income Weighted average cost of capital 7.5% Required: For each division compute the: 1. Return on sales 2. Return on investment based on total assets employed 3. Economic value added 4 Residual income based on net operating income