Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Sales Net operating income Average operating assets Division Osaka Yokohama $ 9,200,000 $ 22,eee, 080 $ 552,000 5 1,760,000 $ 2,300,000 $11,000,000 Required: 1. For each division, compute the return on investment (ROI) 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 13%. Compute the residual income for each division 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For each division, compute the return on investment (ROI) in terms of margin and turnover. Yokohama Osaka % ROI Required 2 > Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data on the two division follow: Sales Net operating income Average operating assets $ $ $ Division Osaka Yokohama 9,200,000 $ 22, eee, see 552.000 $ 1,760,000 2,300,000 $ 11,000,000 7.54 Required: 1. For each division, compute the return on investment (RON) 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 13% Compute the residual income for each division 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 es Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 13%. Compute the residual income for each division. Osaka Yokohama Residual income Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the follow Sales Net operating income Average operating assets $ 5 $ Division Osaka Yokohama 9,200,000 $ 22,000,000 552,000 $ 1,760,000 2,300,000 $ 11,000,000 03:37:44 Book Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of reti division is 13%. Compute the residual income for each division 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Fint Complete this question by entering your answers in the tabs below. Print O Required 1 Required 2 Required 3 erences Is Yokohama's greater amount of residual income an indication that it is better managed? Yes O No (Required 2
