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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 Osaka Yokohama
| Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: |
| Division | ||||
| Osaka | Yokohama | |||
| Sales | $ | 10,400,000 | $ | 34,000,000 |
| Net operating income | $ | 520,000 | $ | 2,380,000 |
| Average operating assets | $ | 2,600,000 | $ | 17,000,000 |
| Required: | |
| 1. | For each division, compute the return on investment (ROI) in terms of margin and turnover. |
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
