7. Determine if the following statements are true or false?

_ Return on Investment (ROI) is computed by dividing Operating Income by Invested Assets. -If Operating Income is $60,000 and invested Assets are $400,000, then ROI would be 15 % -If operating income for Division W is $12,000, invested assets are $50,000, and sales are $60,000, its Profit Margin would be 20 % and its Investment Turnover would be 5 times. If the Profit Margin is 11% and the Investment Turnover is 1.5 times, then the ROI is 16.5 %. If Division W's operating income is $100,000, invested assets are $850,000 and the minimum ROI on invested assets set by corporate is 8%, then their Residual Income would be $68,000