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Meija Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Osaka Yokohama Sales
Meija Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow:
| Osaka | Yokohama |
Sales | $3,000,000 | $9,000,000 |
Net Operating Income | $210,000 | $720,000 |
Average Operating Assets | $1,000,000 | $4,000,000 |
Which one of the statements is false?
Group of answer choices
Yokohama's profit margin is 7%
Osaka 's asset turnover is 3
Yokohama's asset turnover is 2.25
Osaka's return on assets is 21%
Yokohama's return on assets is 18%
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