The Following Information Is Available About the Appliance Division of Rainier

Essay

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