Consider the following data, which relate to the two divisions of Penny Worth Products: Division 1 Division 2 Total asse

[answerhappygod]

Consider the following data, which relate to the two divisions
of Penny Worth Products:
Division 1
Division 2
Total assets
$69,400,000
$23,000,000
Noninterest-bearing current liabilities
4,510,000
2,320,000
NOPAT
11,300,000
5,880,000
Required rate of return
11%
10%
Compare the two divisions in terms of return on investment and
residual income. In the past year, which division has created the
most wealth for Penny
Worth shareholders? (Round ROI to 2 decimal
place, e.g. 0.25. Enter negative answers preceding either - sign,
e.g. -45 or in parentheses, e.g. (45).)
Division 1
Division 2
ROI
enter ROI rounded to 2 decimal places
enter ROI rounded to 2 decimal places
Residual income/EVA
enter Residual income/EVA in dollars rounded to 0 decimal
places
enter Residual income/EVA in dollars rounded to 0 decimal
places