Question: Enter the formula, then calculate each divisions ROI. Requirements 1. Calculate each division's ROIL 2. Top management has extra funds to invest. Which division will
Requirements 1. Calculate each division's ROIL 2. Top management has extra funds to invest. Which division will most likely receive those funds? Why? 3. Can you explain why one division's ROI is higher? How could management gain more insight? Data table Snow Sports Non-Snow Sports print Done Sales $ 5,100,000 $ Operating Income 966,000 $ Total Assets Current Liabilities 400,000 625,000 Drivertsanagement has specified a target 17P,te Of return, print Done Driver Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and in-line skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport: Snow Sports and Non-Snow Sports. The following divisional information is available for the past year: (Click the icon to view the information.) Read the requirements. 1. Enter the formulat then calculate each divisions ROL (Enter the ROI as a percent rounded to the nearest tenth of a percent, X.X%.) Snow Sports Operating income Total assets ROI
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