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

Sales	$	9,540,000
Net operating income	$	1,163,880
Average operating assets	$	3,000,000
The company's minimum required rate of return		14	%

Required:

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

b. What is the division's residual income?

* * * Please organize your answer with schedule * * *

* * * Please organize your answer with schedule * * *

* * * Please organize your answer with schedule * * *