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Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data ont follow (in millions of yen, denoted by
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama Selected data ont follow (in millions of yen, denoted by ): Sales Net operating income Average operating assets Division Osaka Yokohama 4,294,000 Y 7,520,000 214,709 601,600 1,130,000 3,760,000 Required: 1. For each division, compute the ROI in terms of margin and turnover. (Do not round intermediate calculations and answers to 2 decimal places.) ROI Osaka division % Yokohama division % 2. Assume that the company evaluates performance by use of Rl and that the minimum required return for any division Compute the RI for each division. RI Osaka division Yokohama division Required: 1. For each division, compute the ROI in terms of margin and turnover. (Do not round intermediate ca answers to 2 decimal places.) Osaka division Yokohama division % % 2. Assume that the company evaluates performance by use of RI and that the minimum required retur Compute the RI for each division. RI Osaka division Yokohama division 3. Is Yokohama's RI an indication that it is better managed than Osaka? Yes
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