You have a company with two different offices. The data for each are as follows:

	X	Y
Revenues ($)	294 000	303 000
Operating assets ($)	2 700 000	4 800 000
Net operating income ($)	1 200 000	1 600 000

1. Evaluate long-term economic performance of each office using
   1. return on investment and
   2. residual income, assuming your company has a required rate of return of 14%.