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Please show work and how you achieved the answer thank you. Exercise 11-12 Evaluating New Investments Using Return on Investment (ROI) and Residual Income [LO11-1,

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Exercise 11-12 Evaluating New Investments Using Return on Investment (ROI) and Residual Income [LO11-1, L011-2] Selected sales and operating data for three divisions of different structural engineering rms are given as follows: Division A Division B Division C Sales $7,300,000 $11,300,000 $10,400,000 Average operating assets $1,460,000 35 5,650,000 $ 2,080,000 Net operating income $ 467,200 $ 1,175,200 $ 379,600 Minimum required rate of return 27.00% 20.80% 24.00% Required: 1. Compute the return on investment (ROI) for each division using the formula stated in terms of margin and turnover. (Round your answers to 2 decimal places.) Division A Division B

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