Chapter 11 Exercises Saved 4 Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two division:s follow: 15 points Division Osaka Yokohama 10,300,000 33,000,000 $ 721,000 2,970,000 Average operating assets 2,575,000 16,500,000 Sales Skipped Net operating income Required: 1. For each division, compute the return on investment (ROl) in terms of margin and turnover 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 3. Is Yokohama's greater amount of residual income an indication that it is better managed? eBook Hint Complete this question by entering your answers in the tabs below Ask Required Required 2 Required 3 Print For each division, compute the return on investment (ROI) in terms of margin and turnover References Osaka Yokohama ROI Required 1 Required 2 > Chapter 11 Exercises Saved 4 Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: 15 points Division Osaka Yokohama Sales 10,300,000 33,000,000 $721,000 2,970,000 Average operating assets 2,575,000 16,500,000 Skipped Net operating income Required: 1. For each division, compute the return on investment (ROl) in terms of margin and turnover 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 3. Is Yokohama's greater amount of residual income an indication that it is better managed? eBook Hint Complete this question by entering your answers in the tabs below Ask Required 1Required 2Required 3 Print 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 References Osaka Yokohama Residual income Required 1 Required 3