please do all parts of the question

Wally Steei Division is a unit of Waly Industres, which produces tool and die machinery for manufacturers. The steel division operates as one of several separate investment centres of Wally industres The investment centres are evaluated on the basis of ROL Management bonuses are also based on ROI. All investments in operating assets are expected to eam a minimum rate of retum of 17%. Divisionat ROI of the steel division has ranged from 19% to 22% since it was acquired by the parent company. During the past year, the steel division had an investment opportunity that would yield an estimated rate of return of 19\%. But the divisional management decided against the investment because it believed the investment would decrease the division's overail ROI: Last year's income statement for Wally Steel Division is given below. The division's operating assets employed were $21,400,000 at the end of the year, which represents an 7% increase over the previous year-end balance. Required: 1. Compute the average operating assets for the yeat 2. Compute the ROI of the division. State the ROI in terms of margin and turnover (Round intermediate calculation to 2 decimal ploces. Enter your percentage answer rounded to 2 decimal ploces (i.e., 0.1234 should be entered os 12.34) ) 3. Compute the residual income for the steel alvision 4. This part or the question is not part of your connect assignment. 5. Would last year's investment opportunity have been rejected if RI were used as a performance measure instead of ROr? Yes No