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Question - Johnson Company has two sources of funds: long-term debt and equity capital. Johnson Company has profit centers in the following locations with the following net incomes and total assets:
Net Income
Assets
Las Vegas
$710,000
$4,000,000
Dallas
950,000
8,000,000
Tampa
1,790,000
12,000,000
Required -
a. Calculate ROI for each profit center and rank them from highest to lowest based on ROI.
b. Calculate residual income for each profit center based on a desired ROI of 5% and rank them from highest to lowest based on residual income.
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