Meiji Isetan Corp. of Japan has two r follow $ 2,350,000 8,000,000 1. For each d 2. 3 Is Yokohama's greater amount of residual income an indication that it is better managed? ROI Next > 2/7/0018 re to follow Average operating 2,350, 8,080,880 2. that the company evaluates performance using r l income for each 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Next > Meliji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow ivision Sales Net operating income Average operating assets 9,480,000 $24,000,00 752,000 $ 2,400,00e $ 2,358,800 $ 8,e00,000 Required: 1. For each division, compute the return on investment (RO) in terms of margin and turnover 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 18%. Compute the residual income for each division. References 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Required 2 Next > Prew 1 of 4