Tom and Jerry are both managers of sales teams at Swifty Corp., a furniture company whose most popular item is a tweed couch. Tom and Jerry are very competitive and each attempt to outperform one another every year. Currently, Tom's department has better metrics, which has resulted in larger bonuses for Tom and his team. Swifty Corp. evaluates both departments based upon each team's respective return on investment and economic value added. The departments reported the following financial data during the most recent year: Operating Income Sales Average Operating Assets Total Assets Current Liabilities Jerry $125,622 $2,791,600 $954,040 $1,104,210 $208,900 Tom $184,005 $3,680,100 $1,321,220 $1,521,200 $296,860 It should be noted that Swifty uses average operating assets as its definition of investment, and it has a minimum required rate of return of 8.72% and a tax rate of 22%. Swifty has used a variety of ways to acquire capital and has the current makeup: proportion of equity is 38%, the equity rate is 6.5%, the proportion of debt is 62%, and the debt rate is 9.3%. Use this information to answer the following questions. What are the return on sales, investment turnover, and return on investment for each department? Note which department has performed better for each calculation. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 15.25 or 15.25%.) Return on Sales Investment Turnover Return on Investment Jerry % times % Tom 199 % times % Department has performed better Tom + Jerry Tom Determine the weighted-average cost of capital, residual income, and economic value added (EVA) for each department? (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. $15.25 or 15.25%.) Weighted Average Cost of Capital Residual Income Economic Value Added $ LA $ Overall, which department had the best performance? Jerry % $ LA +A $ Tom %