Question: Exercise 12-11 Your answer is partially correct. Try again. Consider the following data, which relate to the two divisions of Marx Products: NOPAT Division 1

 Exercise 12-11 Your answer is partially correct. Try again. Consider the

Exercise 12-11 Your answer is partially correct. Try again. Consider the following data, which relate to the two divisions of Marx Products: NOPAT Division 1 Division 2 Total assets $69,300,000 $22,700,000 Noninterest-bearing current liabilities 4,520,000 2,370,000 11,400,000 5,800,000 Required rate of return 11% Compare the two divisions in terms of return on investment and residual income. In the past year, which division has crea place, e.g. 15.25%. Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) Division 1 Division 2 10% ROI 16.45| Residual income/EVA 25.55 4274200 Division 2 3767000 had highest return on investment. Division 1 had highest residual income. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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