ACCOUNTING-Top management of the Gates Corporation is trying to construct a performance

Top management of the Gates Corporation is trying to construct a performance evaluation system to use to evaluate each of its three divisions. This past year’s financial data are as follows:Division ADivision BDivision CTotal assets$905,000$18,710,000$11,130,000Noninterest-bearing current liabilities52,9002,167,0001,036,000Net income188,0001,818,0001,341,000Interest expense52,9001,925,0001,223,000Tax rate40%40%40%Required rate of return10%12%14%How would the divisions be ranked if the evaluation were based on residual income? (Please include numbers, as well as rankings)Division ADivision BDivision C



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