Question: can someone help fix my mistakes on the problem M10-10 (Algo) Impact of New Investment on ROI, Residual Income [LO 10-4, 10-5] The Western Division
M10-10 (Algo) Impact of New Investment on ROI, Residual Income [LO 10-4, 10-5] The Western Division of Claremont Company had net operating income of $153,000 and average invested assets of $565,000. Claremont has a required rate of return of 13.75 percent. Western has an opportunity to increase operating income by $40,000 with a $91,000 increase in average invested assets. Compute Western Division's return on investment and residual income currently and if it undertakes the project. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34% ). Round your Residual Income (Loss) answers to the nearest whole dollar.) Answer is complete but not entirely correct
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