Exercise 11-12 Evaluating New Investments Using Return on Investment and Residual Income [LO3, LO4] Three divisions of Jameson Co. report the following sales and operating data: Fitness Spa Training Services Athletic Wear Sales $560,000 $810,000 $500,000 Average operating assets $112,000 $162,000 $100,000 Operating income $ 22,400 $ 32,400 $ 25,000 Minimum required rate of return 14% 16% 14% Required: 1. Compute the ROI for each division, using the formula stated in terms of margin and turnover. ROI Fitness training % Spa services % Athletic wear %