Calculate return on investment (ROI) for each division using operating income as a measure of income and total assets as a measure of investment

Calculate return on investment (ROI) for each division using operating income as a measure of income and total assets as a measure of investment. Transcribed Image Text: ROI, RI, EVA. Performance Auto Company operates a new car division (that sells high-
performance sports cars) and a performance parts division (that sells performance-improvement parts for
family cars). Some division financial measures for 2017 are as follows:
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Page Layout
Data
Formulas
Insert
New Car
Division
Performance
Parts Division
2 Total assets
3 Current liabilities
4 Operating income
5 Required rate of retun
$33,000,000
$ 6,600,000
$ 2,475,000
12%
$28,500,000
$ 8,400,000
$ 2,565,000
12%

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