Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow (in millions of yen, denoted by ):

	Division
	Osaka		Yokohama
Sales		10,675,000		12,240,000
Net operating income		427,000		1,346,400
Average operating assets		1,220,000		4,080,000

Required:

1.	For each division, compute the ROI in terms of margin and turnover. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

2.	Assume that the company evaluates performance by use of RI and that the minimum required return for any division is 31%. Compute the RI for each division.

3.

Is Yokohamas RI an indication that it is better managed than Osaka?

	Yes
	No ******* PLease clearly show work out steps on paper, not excel. thanks alot