Question: Hello, I need help checking my answers. Here is the attached assignment viewed as a PDF. Please type/write any of your answers that are on

Hello, I need help checking my answers. Here is the attached assignment viewed as a PDF. Please type/write any of your answers that are on the rightmost side of your answer sheet underneath on the left side or some how because I am unable to view it on the right side because it gets cut off and I am unable to view the right side of the answer page in Chegg. Please make the answers on the right edge viewable for me on here, thanks! :)

 Hello, I need help checking my answers. Here is the attached
assignment viewed as a PDF. Please type/write any of your answers that

Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Truck Deals Inc. has two divisions: New Trucks and Used Trucks. The following segmented financial information is for the most recent fiscal year: New Trucks Used Trucks Division Division Sales Cost of goods sold Allocated overhead 8,000,000 2,900,000 950,000 17,000,000 8,000,000 2,400,000 Selling and administrative expenses 510,000 600,000 The New Trucks division had average operating assets totaling $18.400.000 for the year, and the Used Trucks division had average operating assets of $23,800,000 Assume the cost of capital rate is 14 percent and the company's tax rate is 35 percent Required: A. Prepare a segmented income statement, including the profit margin ratio for each division at the bottom of the segmented income statement. B. Calculate return on investment (ROI) for each division. C. Calculate residual income for each division. Your answers to this open-ended assignment should be placed in the space below this line. A Truck Deals Inc. Segmented Income statements For the Year Ended December 31 New Trucks Division Used Trucks Division Sales Cost of goods sold Gross Margin Allocated overhead Selling and administrative expenses Operating income Income tax Net income Profit margin ratio B New Trucks Division Used Trucks Division Operating income Average operating assets Return on investment New Trucks Division Used Trucks Division Operating income Average operating assets Cost of capital rate Required operting income Residual income

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