QUESTION 2 Chace Products is a division of a major corporation. Last year the division had total sales of $14,228,000, net operating income of $767,000, and average operating assets of $3,708,000. The company's minimum required rate of return is 11% Compute the division's residual income. Round your final answer to one decimal place. Exclude percentage. For example, enter 82.5% as 82.5 QUESTION 3 Washington Inc. reported the following results from last year's operations: Sales Net operating income Average operating assets $3,197,000 $12,775,000 $289,000 At the beginning of the year, Washington Inc. issued a bond to purchase new machinery that cost $620,000. The new machinery will reduce production cost by $50,000. Calculate Washington Inc.'s ROI for the current year. Round your final answer to one decimal place. Exclude percentage. For example, enter 82.5% as 825