Critically evalute the performance of Canadian Subsidiary if the following data summarizes the operating performance for 2009 to2011. The cost of capital for this subsidiary is 10percent.
2009 2010 2011
Subsidiary netincome $14.0 $14.3 $14.4
Total assets insubsidary $125 $130 $135
Return on net investment* in subsidiary $20% %22% $24%
Net investment is calculated as total assets less allsubsidiary