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Meiji Isetan Corp of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow Division Sales Net

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Meiji Isetan Corp of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow Division Sales Net operating income Average operating assets OsakaYokohama $ 9,900,000 $ 29,000,000 S 792,000 2,900,000 s 2,475,000 $ 14,500.000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. (Do not round intermediate calculations. Enter your answers as a percent (i.e., 0.12 should be entered as 12)-) OsakaY ROI 2 Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 17%. Compute the residual income for each division Average operating assets Net operating income required return on average assets Residual income 3. Is Yokohama's greater amount of residual income an indication that t is better m Yes O No 0 Type here to search

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