Batman Abstract Company has three divisions that operate autonomously. Their results for 2013 are as follows:

	Riddler	Joker	Penguin
Sales	$15,000,000	$30,000,000	$8,000,000
Contribution margin	3,440,000	4,700,000	300,000
Operating income	1,500,000	1,750,000	520,000
Investment base	9,000,000	10,000,000	4,000,000
Current Liabilities	$1,000,000	$2,000,000	$500,000
Minimum desired rate of return	12%	12%	12%
Tax Rate	30%	30%	30%

The company's cost of capital is 10%.

Required for each division:

a. Compute profit margin, total assets turnover and division's ROI.

b. Compute each division's residual income. (RI)

c. Compute each division's Economic Value Added (EVA) assuming 12%

d. Rank each division by both ROI and residual income.

e. Which division had the best performance and Why?