E24-17 (similar to) Zuds, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate each division's ROI. (Enter your answer as a percent rounded to two decimal places, X.XX%) Requirements ROI Data Table Net Sales Revenue 1. Calculate each division's ROI. Round all of your answers to four decimal places. Residential Professional $ 540,000 $ 1,060,000 Operating Income 61,880 $ 152,520 Average Total Assets 182,000 372,000 2. 3. 4. Calculate each division's profit margin ratio. Interpret your results. Calculate each division's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confirm your results from Requirement 1. What can you conclude? Management has a 23% target rate of return for each division. Print Done Print Done Choose from any drop-down list and then click Check Answer. 15 parts remaining Clear All Question Help Check