If number 1 is wrong can you please correct it. I'm having some trouble.

2. ACCOUNTING CONNECTION Evaluate Vanessa Smith's performance as manager of the City Branch. 3. Assume that the branch managers are assigned responsibility for capital expenditures and that the branches are thus investment centers. City Branch is expected to gener- ate a desired ROI of at least 30 percent on average invested assets of S40,000. a. Compute the branch's return investment and residual income. (Round per- centages to two decimal places.) b. ACCOUNTING CONNECTION Using the ROI and residual income, evaluate Vanessa Smith's performance as branch manager. LO 3 Return on Investment and Residual Income RATIO P4. The financial results for the past two years for Ornamental Iron, a division of Iron Horse Company, follow. ent: 31.08% (Continued) me: $32,232