The CEO of Manufacturing has recently heard of another measure similar to residual income called EVA. The CEO has the accountant calculate adjusted incomes for clothing and cosmetics, and finds that the adjusted after-tax operating incomes are773,500 and ,1,582,400 respectively. Also, the clothing division has 150,000 of current liabilities, while the cosmetics division has only of 110,000 current liabilities. Using the preceding information, calculate the EVA for each division and discuss which division manager will get the bonus. Begin by calculating the revised ROI for each division using the EVA definition of operating income and assets. ROI Clothing Division Cosmetics Division