Selected sales and operating data for three divisions of a multinational structural engineering firm are provided below. Division Sales Average operating assets Net operating income Minimum required rate of return Asia Europe North America $ 17,000,000 $19,000,000 $30,000,000 4,250,000 6,800,000 12,000,000 595,000 550,000 960,000 14% 10 % 16% Required: 1. Compute the ROI for each division using the formula stated in terms of margin and turnover. (Do not round intermediate calculations and round your final answers to the nearest whole percent.) ROI % Asia division Europe division North America division % % 2. Compute the RI for each division RI Asia division Europe division North America division 3. Assume that each division is presented with an investment opportunity that would yield a 13% rate of return a. If performance is being measured by ROI, which division(s) will probably accept the opportunity? Reject the opportunity? RON Asia division Europe division North America division b. If performance is being measured by RI, which division(s) will probably accept the opportunity? Reject the opportunity? RI Asia division Europe division North America division