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Eacher Wares is a division of a major corporation. The following data are for the latest year of operations: Sales $14,720,000 Net operating income $1,000,960

Eacher Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales

$14,720,000

Net operating income

$1,000,960

Average operating assets

$4,000,000

The company's minimum required rate of return

14%

Required:

a. What is the division's margin?

b. What is the division's turnover?

c. What is the division's return on investment (ROI)?

d. What is the division's residual income?

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