FlightCore Material Handling Income Statement Comparison Current Year Prior Year (Amounts in thousands) Sales $33,750 $24,750 Cost of Goods Sold $21,938 $16, 830 Gross Profit $11,812 $7,920 Wages $8,775 $6,188 Utilities $675 $250 Repairs $169 $325 Selling $506 $200 Total Expenses $10, 125 $6, 963 Operating Income ? ? Operating Income % ? ? Total Assets (investment base) $4,500 $1,500 Return on Investment ? ? Residual Income (8% cost of capital) ? ? The company made a strategic decision to invest in additional assets in the current year. These amounts are provided. For this mini case, complete the following: Determine the operating income (loss) (dollars) for each year. Determine the operating income (percentage) for each year. Using the total assets amounts as the investment base, calculate the return on investment. Was the decision to invest additional assets in the company successful? Explain. Please proceed to the Submission section. Submission This activity supports Module Objective 3 and Learning Outcome 2. 7.4 Mini Cases FlightCore Material Performance Evaluation Rubric 7.4 Mini Cases FlightCore Material Performance Evaluation Rubric Criteria Ratings Pts Calculation Accuracy view longer description 60 to >53 pts Superior 53 to >47 pts Above Average 47 to >41 pts Average 41 to >35 pts Below Average 35 to >0 pts Failing / 60 pts Written Components (Company Product Description, Conclusion & Recommendations) view longer description 20 to >17 pts Superior 17 to