Eckels Wares is a division of a major corporation The following data are for the latest year of operations Sales $24,900,000 Net operating income $1,319,700 Average operating assets $6,000,000 The company's minimum required rate of return 12 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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Eckels Wares is a division of a major corporation. The following data are for the latest year of operations: Sales $24,900,000 Net operating income $1,319,700

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

Sales	$24,900,000
Net operating income	$1,319,700
Average operating assets	$6,000,000
The company's minimum required rate of return	12%

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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