Assignment Question Ex23-27 23-27 ROI, RI, EVA. Performance Auto Company operates a new car division (that sells high- performance sports cars) and a performance parts division (that sells performance-improvement parts for family cars). Some division financial measures for 2017 are as follows: Home .Insert Page Layout . . Formulas Data A B C New Car Performance Division Parts Division 2 Total assets $33,000,000 $28,500,000 3 | Current liabilities $ 6,600,000 $ 8,400,000 4 Operating income $ 2,475,000 $ 2,565,000 5 Required rate of return 12% 12% 1. Calculate return on investment (ROI) for each division using operating income as a measure of income Required and total assets as a measure of investment. 2. Calculate residual income (RI) for each division using operating income as a measure of income and total assets minus current liabilities as a measure of investment