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PARTV-212 POINTS) The following is divisional information for the East Division of Kingfisher Enterprises: East Division Operating income $250,000 Net sales 2.225.000 Total assets at
PARTV-212 POINTS) The following is divisional information for the East Division of Kingfisher Enterprises: East Division Operating income $250,000 Net sales 2.225.000 Total assets at Jan. 1 1.500,000 Total assets at Dec .31 1.200,000 The target rate of return is 12% for the East Division, Required: 1. Compute the following: (Use average total assets in your calculations) a Return on investment (RON) b. Profit Margin c Asset Turnover d. Residual Income 2. Using the Dupont expanded formula, confirm your calculation of ROI
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