Racer Sports Company makes snowboards, downhil skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to spit 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 loon to view the information) Read the requirements 1. Enter the formula, then calculate each divisions ROI (Enter the ROI on a percent rounded to the nearest tenth of a percent, XX%) RO Snow Sports % Non-Snow Sports % Data Table Sales Operating Income Total Assets Current Liabilities Snow Sports $ 5,300,000 $ 1,175,000 $ 4,300,000 $ 470,000 Non-Snow Sports $ 8,100,000 $ 709,500 $ 3,300,000 $ 745,000 Racer's management has specified a target 17% rate of return Print Done 2. Top management has extra funds to invest. Which division will most likely receive those funds? Why? will most likely receive those funds because it has The 3. Can you explain why one division's ROI is higher? Non-snow sports division has greater operating income Non-snow sports division has greater sales Snow sports division has less liabilities There is not enough information to explain why one ROI is greater. c Intinue to the next