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ROI, Residual Income The following selected data pertain to the Argent Division for last year: Sales Variable costs $1,000,000 $547,000 Traceable fixed costs $130,000 Average
ROI, Residual Income The following selected data pertain to the Argent Division for last year: Sales Variable costs $1,000,000 $547,000 Traceable fixed costs $130,000 Average invested capital $1,700,000 Imputed interest rate 15% Required: 1. How much is the residual income? $ 2. How much is the return on investment? Enter your answer as a percentage, rounded to two decimal places. For example, the decimal value .03827 would be entered as "3.83" percent. %
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