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Question - The Stallion Division of Motortown Motors had an operating income of $805,000 and net assets of $3,500,000. Motortown Motors has a target rate of return of 20%.
(a) Compute the return on investment.
(b) Compute the residual income.
(c) The Stallion Division has an opportunity to increase operating income by $165,000 with an $800,000 investment in assets.
1. Compute the Stallion Division's return on investment if the project is undertaken.
2. Compute the Stallion Division's residual income if the project is undertaken.
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