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Eber Wares is a division of a major corporation. The following data are for the latest year of operations: Sales $ 31,000,000 Net operating income

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

Sales $ 31,000,000
Net operating income $ 1,176,000
Average operating assets $ 7,610,000
The company%u2019s minimum required rate of return 17.9 %

Required:
a.

What is the division%u2019s margin? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Profit margin %
b. What is the division%u2019s turnover? (Round your answer to 2 decimal places.)
Asset turnover ratio
c.

What is the division%u2019s return on investment (ROI)? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Return on investment %
d.

What is the division%u2019s residual income? (Negative amount should be indicated by a minus sign. Omit the "$" sign in your response.)

Residual income $

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