Please do not give solution in image format thanku Exercise 14-33 (Algo) Comparing Business Units Using ROI (LO 14-2)Lasky Manufacturing has two divisions: Carolinas and Northeast. Lasky has a cost of capital of 7.5 percent. Selected financialinformation (in thousands of dollars) for the first year of business follows:Sales revenueIncomeComplete this question by entering your answers in the tabs below.Req A1Divisional assets (beginning of year)Current liabilities (beginning of year)R&D expendituresaaR&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 Lasky uses return on investment (ROI).a-2. Which division had the better performance?DivisionsReq A2CarolinasNortheastCarolinas$ 1,1001901,000190550Evaluate the performance of the two divisions assuming Lasky uses return on investment (ROI).Note: Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).ROI%%Northeast$4,600< Req A13121,500190470Req A2 >

Return on investment (ROI) is the value of return which the companies are making from the investment…

tion (in thousands of dollars) for the first year of business follows: revenue e ional assets (beginning of year) mt liabilities (beginning of year) expendituresa Carolinas $ 1,100 190 1,000 190 550 Northeast $ 4,600 312 1,500 190 470 assumed to benefit two periods. All R&D is spent at the beginning of the year