Question 13 3.33 pts Vogue Inc. has two divisions, Handbags and Jewelry. Here are data regarding the operating results of the Handbag Division for the past two years: Year 1 12% ? Return on investment Operating income Turnover Margin Sales Year 2 36% $360,000 3 ? ? 9 $3,200,000 The Handbag Division's margin in Year 2 was 150% of the margin in Year 1. What is the Handbag Division's turnover for Year 1? Round to one decimal point. o 1.2 1.5 e 3.0 @ 4.0 Question 14 3.33 pts Music Company has two divisions, Pianos and Guitars. During the current year, the Piano Division has sales of $750,000 and average operating assets of $375,000, What margin must the Piano Division earn to achieve a return on investment of 15%? 15.0% 10.2% 2.0% Question 15 3.33 pts Beverage Company has two divisions, Soft Drinks and Energy Drinks. Here are data regarding the Soft Drink Division: Return on investment Minimum required rate of return Residual income 25% 13% $96,000 What is the Soft Drink Division's operating income? $800,000 $400.000 $200,000 $150,000 3.33 pts Question 16 Which statement is true regarding divisional performance? O If a division's return on investment is less than its margin, then the division's sales are greater than its average operating assets. O A reduction in selling and administrative expenses increases a division's margin but does not increase its return on investment if the division's turnover is less than one. Olfa division's retum on investment is greater than its margin, then the division's sales are less than its average operating assets. O An increase in labor costs will reduce a division's margin and its return on investment even if the division's turnover is less than one