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Hargrave Products has three divisions which operate autonomously. Their results for the current year ...

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Hargrave Products has three divisions which operate autonomously. Their results for the current year ...

Hargrave Products has three divisions which operate autonomously. Their results for the current year were as follows:

   East   West   International
Sales   $30,000,000   $40,000,000   $50,000,000
Cost of goods sold   15,000,000   25,000,000   37,000,000
Operating income   4,500,000   4,750,000   5,000,000
Investment base   30,000,000   30,500,000   31,000,000

The company's desired rate of return is 15 percent.

Required:
a.   Compute each division's ROI. Round to three decimal places.
b.   Compute each division's residual income.
c.   Rank each division by both ROI and residual income.

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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