The Minorund Corporation manufactures similar products in the United States and Norway. The US and Norwegian operations are organized as decentralized divisions. The following information is available for ROE a calculated as operating income divided by total assets Click the icon to view the information.) (Click the icon to view the exchange rate information) Read the teams Requirement 1... Caculate the US ovision operating incomber 2017 The U.S. Divisions operating home for 2017 1,815,000 Requirement. b. Calculate the Norwegian divisions Rot for 2017 in kroner. (Enter the ROIm a percentage rounded to two decimal places, XXXX%) The Norwegian do's Rol for innerin Requirement 2. Top management wants to know which is earned a better Rot in 2017. What would you tell them? Explain your answer. Begin by calculating the Norwegen des Roin US dollar. (Round the operating income and totalments to the nearest whole dolu. Enter the ROI as a percentage rounded to two decimal places, XXXX (Operating income in US dollars Total assets in US dollars) ROK 2 Enter any number in the edities and then click Check Answer 4 g parts 2 Clear All Check Answer rating income for 2017. $ 1,615,000 n's ROI for 2017 it Data Table K%.) 17.60 % hich division eam U.S. Division U.S. dollars. (RO Operating income ? ROI as a Norwegian Division 7,920,000 kroner 45,000,000 kroner ? Total assets $ 9,500,000 assets in U.S. doll ROI 17.00% Print Done Ek Check Answer. ng income for 2017. 1,615,000 ROI for i More Info 50 % h divisi sa .S. dolla Both investments were made on December 31, 2016. The exchange rate at the time of Minorlund's investment in Norway on December 31, 2016, was 5 kroner = $1. During 2017, the Norwegian kroner decreased steadily in value so that the exchange rate on December 31, 2017, is 6 kroner = $1. The average exchange rate during 2017 is [(5 + 6)2) = 5.5 kroner = $1. ets in U Print Done . (Click the icon to view the exchange rate information.) ion's operating income for 2017. 17 is $ 1,61 0 Requirements an division's ROI for is 17.60 %. know which divisi n's ROI in U.S. doll 1. a. Calculate the U.S. division's operating income for 2017. b. Calculate the Norwegian division's ROI for 2017 in kroner. 2. Top management wants to know which division earned a better ROI in 2017. What would you tell them? Explain your answer. 3. Which division do you think had the better Rl performance? Explain your answer. The required rate of return on investment (calculated in U.S. dollars) is 13%. sa perc Total assets in U Print Done then click Check