16 Exercise 11-6 (Algo) Contrasting Return on Investment (ROI) and Residual Income [LO11-1, LO11-2) 0.23 points 3 02:30:30 Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 10,300,000 $33,000,000 Net operating income $721,000 $ 2,990,000 Average operating assets $ 2.575,000 5 16,500,000 Required: 1. For each division, compute the return on investment (ROI). 2 Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16% Compute the residual income for each division boo Complete this question by entering your answers in the tabs below. Required 1 Required For each division, compute the return on investment (ROI). Os Yokohama ROI > 16 3 nts 02:38.19 Exercise 11-6 (Algo) Contrasting Return on investment (ROI) and Residual Income (L011-1, LO11-2) Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohana Sales $ 10,300,000 $33,000,000 Net operating income $ 721,000 $ 2,970,000 Average operating assets $ 2,575,000 $ 16,500,000 Required: 1. For each division, compute the return on investment (ROI. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16%. Compute the residual income for each division Book Hint Sheferences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16% Compute the residual income for each division Osaka Yokohama Residual income