divisional information was available for the past year. and Hardware's manufacturing division of lawn-mowing and snow removal equipment, segments its business according to customer type: Professional and Residential. The following View the divisional information. Requirements Round all of your answers to four decimal places. 1. Calculate each division's ROL 2. Calculate each division's profit margin. Interpret your results. 3. Calculate each division's asset turnover. Interpret your results. 4. Use the expanded ROI formula to confirm your results from Requirement 1. What can you conclude? Requirement 1. Calculate each division's ROI. First, enter the formula, and then calculate each division's ROI using the expanded formula. (Enter your answers as a percent, rounded to four decimal places.) Residential Operating income Total assets ROI Requirements Round all of your answers to four decimal places. 1. Calculate each division's ROI. 2. Calculate each division's profit margin. Interpret your results. 3. Calculate each division's asset turnover. Interpret your results. 4. Use the expanded ROI formula to confirm your results from Requirement 1. What can you conclude? ate each division's ROL ate each di ate each di e expande Divisional information - X ment 1. Ca Sales Operating Income Total Current Assets Liabilities ter the form Residential.. Professional 551,000 $ 55,100 $ 190,000 $ 71,000 unded to four 750,750 150,150 385,000 152,000 tial Assume that management has a 24% target rate of return for each division. Also, assume that Zachs's weighted average cost of capital is 16% and its effective tax rate is 32%. Print Done