The Fresh Air Sports Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product-AccuDriver, a golf club that uses global positioning satellite technology to improve the accuracy golfers' shots. The demand for AccuDriver is relatively insensitive to price changes. The following data are available for Golf Technology, which is an investment center for Fresh Air Sports: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute Golf Technology's ROI if the selling price of AccuDrivers is $530 per club. Determine the formula used to calculate ROI, then calculate the ROI for Golf Technology. (Enter the ROI as a percentage, rounded to the nearest hundredth percent, X.XX%.) ROI Operating income Investment $ 6,350,000 $ 55,000,000 11.55 % Requirement 2. If management requires an ROI of at least 22% from the division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver club? Select the formula that would be used in your calculation to determine the minimum selling price. [Units sold x (Selling price per unit-Variable cost per unit)]-Fixed costs = ROI x Investment (Round your answer to the nearest cent.) The minimum selling price that Golf Technology Division should charge per AccuDriver club (if management requires an ROI of at least 22%) is Requirements Data table 1. Compute Golf Technology's ROI if the selling price of AccuDrivers is $530 per club. 2. If management requires an ROI of at least 22% from the division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver club? 3. Assume that Fresh Air Sports judges the performance of its investment centers on the basis of RI rather than ROI. What is the minimum selling price that Golf Technology should charge per AccuDriver if the company's required rate of retum is 18% ? Total annual fixed costs Variable cost per AccuDriver Number of AccuDrivers sold each year Average operating assets invested in the division Print Done $ 27,000,000 $ 300 145,000 $ 55,000,000 Print Done The Fresh Air Sports Company produces a wide variety of sports equipment. Its newest division, Golf Technology, manufactures and sells a single product-AccuDriver, a golf club that uses global positioning satellite technology to improve the accuracy golfers' shots. The demand for AccuDriver is relatively insensitive to price changes. The following data are available for Golf Technology, which is an investment center for Fresh Air Sports: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute Golf Technology's ROI if the selling price of AccuDrivers is $530 per club. Determine the formula used to calculate ROI, then calculate the ROI for Golf Technology. (Enter the ROI as a percentage, rounded to the nearest hundredth percent, X.XX%.) ROI Operating income Investment $ 6,350,000 $ 55,000,000 11.55 % Requirement 2. If management requires an ROI of at least 22% from the division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver club? Select the formula that would be used in your calculation to determine the minimum selling price. [Units sold x (Selling price per unit-Variable cost per unit)]-Fixed costs = ROI x Investment (Round your answer to the nearest cent.) The minimum selling price that Golf Technology Division should charge per AccuDriver club (if management requires an ROI of at least 22%) is Requirements Data table 1. Compute Golf Technology's ROI if the selling price of AccuDrivers is $530 per club. 2. If management requires an ROI of at least 22% from the division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver club? 3. Assume that Fresh Air Sports judges the performance of its investment centers on the basis of RI rather than ROI. What is the minimum selling price that Golf Technology should charge per AccuDriver if the company's required rate of retum is 18% ? Total annual fixed costs Variable cost per AccuDriver Number of AccuDrivers sold each year Average operating assets invested in the division Print Done $ 27,000,000 $ 300 145,000 $ 55,000,000 Print Done