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The following selected data pertain to the Argent Division for last year: Sales $1,000,000 Variable costs $600,000 Traceable fixed costs $130,000 Average invested capital $1,500,000

The following selected data pertain to the Argent Division for last year:

Sales $1,000,000
Variable costs $600,000
Traceable fixed costs $130,000
Average invested capital $1,500,000
Imputed interest rate 15 %

Required:

1. How much is the residual income? $ fill in the blank 1

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. fill in the blank 2 %

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