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Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below: Division Asia Europe North America Sales $ 23,

Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below:

Division Asia Europe North America Sales $ 23, 000, 000 $ 25, 000, 000 $ 36, 000, 090 Average operating assets 5, 750, 090 8, 960, 900 14, 400, 900 Net operating income 805, 090 730, 090 1, 296, 900 Minimum required rate of return 14% 10% 16%

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