Fashion Fabrics sells sewing and craft materials to specialty retail and department stores. For the year, the company's New York Division had the following performance targets:

Actual information concerning the performance of the New York Division for the year follows.

a. For the year, did the New York Division achieve its target objectives for ROI, asset turnover, and profit margin? (Round computations to one decimal point.)

b. Which, as indicated by the performance measures, are the most likely areas to improve performance?

c. If the company has an overall target return of 13 percent, what was the New York Division's residual income for the year?

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Asset turnover.... Profit margin.. 3.0 5.5%