Sales revenue Back Mountain Industries (BMI) has two divisions: East and West. BM has a...
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Sales revenue Back Mountain Industries (BMI) has two divisions: East and West. BM has a cost of capital of 15 percent. Selected financial information (in thousands of dollars) for the first year of business follows: Rast West $2,400 $7,800 Income 900 1,230 Investment (beginning of year) 3,400 4,400 Current liabilities (beginning of year) 340 R&D expenditures 1,200 2,100 *R&D is assumed to benefit two periods. All R&D is spent at the beginning of the year. Required: a-1. Evaluate the performance of the two divisions assuming BMI uses return on investment (ROI). (Round your final answers to nearest whole percentage value.) 340 Divisions ROI East 3 West %
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