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1 Not complete Marked out of 400 ROI RI Rag question Schulz GmbH, a German company, set an 18 percent target rate of return for
1 Not complete Marked out of 400 ROI RI Rag question Schulz GmbH, a German company, set an 18 percent target rate of return for its US. division for the year. The U.S. division generated $62.400,000 of annual revenue on average assets of $40,000,000. The division's variable costs were 45 percent of sales, and fixed costs were $6,750,000. Compute the following items for the US. division: a. ROI Note: Round percentage to one decimal point (.e, round 4.555% to 4.6%). b. Residual income $0 c. Profit margin Note: Round percentage to one decimal point (Le. round 4.555% to 4.6%) 0 d. Asset turnover Note: Round amount to one decimal point (.e round 4.555 to 4.6). Check
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