The Following Information Is Available About the Appliance Division of Rainier

question 72

Essay

The following information is available about the Appliance Division of Rainier Company.Rainier requires a return of 9% from all divisions. $\begin{array}{c}\begin{array}{|l|}\hline \text { Appliance Division Earnings}\\\text { from operations}\\\hline \text { Appliance Division Sales}\\\hline \text { Appliance Division}\\\text { Identifiable Assets}\\\hline\end{array}\begin{array}{r|}\hline\\\$ 18,462,000\\\hline \$ 112,600,000 \\\hline\\ \$ 173,700,000 \\\hline\end{array}Required:(use four decimal places in your calculation)a.Compute the ROI for the Appliance Division.b.Compute the residual income for the Appliance Division. \end{array}$

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Definitions:

Ethnicity

A category of people who identify with each other based on common cultural, ancestral, language, or social experiences.

Likelihood

The degree to which an event is probable or the extent to which a proposition is believed to be true, often used in statistical models.

Program

A set of coded instructions that tells a computer how to run a task, or an organized plan or schedule of activities.

Political Science

The academic discipline that studies governments, public policies, political processes, political behavior, and ideas about governance.