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14 Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data on the two divisions follow (in millions
14 Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data on the two divisions follow (in millions of yen, denoted by ) Division Osaka Yokohama 3,075,000 X 6,850,000 221,400 685,000 820,000 2,740,000 Sales Net operating income Average operating assets 10 points * 02:59:53 Required: 1. For each division, compute the ROI in terms of margin and turnover. (Do not round Intermediate calculations and round your final answers to 2 decimal places.) ROI Osaka division Yokohama division 2. Assume that the company evaluates performance by use of RI and that the minimum required return for any division is 23% Compute the RI for each division RI Osaka division Yokohama division 2. Assume that the company evaluates performance by use of RI and that the minimum required return for any division is 23% Compute the RI for each division RI Osaka division Yokohama division 3. Is Yokohama's RI an indication that it is better managed than Osaka? Yes O NO
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