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The Grandland Corporation manufactures similar products in the United States and Norway, The U.S. and Norwegian operations are organized as decentralized divisions. The following information is available for 2020; ROI is calculated as operating income divided by total assets: (Click the icon to view the information) (Click the loon to view the exchange rate information) Read the requirements Requiremd - Data table The U.S.DE Requireme XX.XX%.) rcentage rounded to two decimal places. U.S. Division ? Norwegian Division 7,560,000 kroner 54,000,000 kroner Operating income Total assets ROI The Norwe S 8,300,000 Requiremd 13.00% Begin by ROI as would you tell them? Explain your answer. batalassots to the nearest whole dollar. Enter the - X (Ope More info ion the division's The Nord operatin Both investments were made on December 31, 2019. The exchange rate at the time of Grandland's investment in Norway on December 31, 2019, was 6 kroner $1. During 2020, the Norwegian kroner decreased steadily in value so that the exchange rate on December 31, 2020, is 8 kroner = $1. The average exchange rate during 2020 is [(6 + 8) + 2] = 7.0 kroner = $1. = ed by the inflation that occurs during the year After ad Require (calcula rate of return on investment minus sign.) Print Done U.S. Division Norwegian Division The Grandland Corporation manufactures similar products in the United States and Norway. The US and Norwegian operations are organized as Requirement 1. a. Calculate the U.S. division's operating income for 2020, Tho U.S. Division's operating income for 2020 is Requirement 1. b. Calculate the Norwegian division's ROI for 2020 in kroner. (Enter the ROI as a percentage rounded to two decimal places, XX.XX%) The Norwegian division's ROI for in kroner is % Requirement 2. Top management wants to know which division eamed a better ROI in 2020. What would you tell them? Explain your answer Begin by calculating the Norwegian division's ROH in U.S. dollars. (Round the operating Income and total assets to the nearest whole dollar. Enter the ROI as a percentage rounded to two decimal places, XX.XX%.) (Operating income in US dollars + ROI Total assets in US dollars) = ) = % The Norwegian division's ROI based on kroners is by the inflation that occurs in Norway in 2020. Inflation the division's operating income. Since the assets are acquired at the start of the year 2020, the asset values increased by the inflation that occurs during the year. The net effect of inflation on ROI calculated in kroners is to use an inflated value for the After adjustments for inflation and currency differences, the Division earned the higher ROI. Requirement 3. Which division do you think had the better RI performance? Explain your answer. The required rate of return on investment (calculated in U.S. dollars) is 10%. (Enter all amounts in U.S. dollars. Enter a residual loss with parentheses or a minus sign.) RI U.S. Division Norwegian Division Based on the calculations above, the Division had the better RI performance

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