Hargrave Products has three divisions which operate autonomously.Their results for the current year were as follows:

The company's desired rate of return is 15 percent.
Required:
a.Compute each division's ROI.Round to three decimal places.
b.Compute each division's residual income.
c.Rank each division by both ROI and residual income.

Question

Hargrave Products has three divisions which operate autonomously.Their results for the current year were as follows:
  
The company's desired rate of return is 15 percent.
Required:
a.Compute each division's ROI.Round to three decimal places.
b.Compute each division's residual income.
c.Rank each division by both ROI and residual income.

Quizplus · Accepted Answer

The Answer of Hargrave Products has three divisions which operate autonomously.Their results for the current year were as follows:
  
The company's desired rate of return is 15 percent.
Required:
a.Compute each division's ROI.Round to three decimal places.
b.Compute each division's residual income.
c.Rank each division by both ROI and residual income.

Hargrave Products Has Three Divisions Which Operate Autonomously