Current Attempt in Progress Tom and Jerry are both managers of sales teams at Marigold Corp., a furniture company whose most popular item is a tweed couch. Tom and Jerry are very competitive and each attempt to outperform one another every year. Currently, Tom's department has better metrics, which has resulted in larger bonuses for Tom and his team. Marigold Corp. evaluates both departments based upon each team's respective return on investment and economic value added. The departments reported the following financial data during the most recent year: Jerry Tom Operating Income $125,559 $183,935 Sales $2,790.200 $3,678,700 Average Operating Assets $953,880 $1.321,230 Total Assets $1,104,140 $1.521,280 Current Liabilities $208,790 $296,910 It should be noted that Marigold uses average operating assets as its definition of investment, and it has a minimum required rate of return of 8.72% and a tax rate of 22%. Marigold has used a variety of ways to acquire capital and has the current makeup: proportion of equity is 38%, the equity rate is 6.5%, the proportion of debt is 62%, and the debt rate is 9.3%. Use this information to answer the following questions. (al) Your answer has been saved. See score details after the due date. Based upon the information provided about Marigold Corp., Tom, and Jerry, what type of responsibility center is run by each manager? Revenue center v Attempts: 1 of 1 used Your answer has been saved. See score details after the due date. What are the return on sales, investment turnover, and return on investment for each department? Note which department has performed better for each calculation. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 15.25 or 15.25%.) Jerr Tom Department has b performed better Return on Sales 45 % 5 % Tom v Investment . . 2.93 times 2.78 times Jerry Turnover Returnon 13.16 % 13.92 % Tom v Investment Attempts: 1 of 1 used (c) Determine the weighted-average cost of capital, residual income, and economic value added (EVA) for each department? (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. $15.25 or 15.25%.) Jerry Tom Weighted Average Cost of Capital 8.32 % 8.32 % Residual Income 46,166.18 73,998.30 Economic Value Added $ 18,542.60 33,732.60 Overall, which department had the best performance? Tom v Save for Later Last saved 1 second ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto