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 retum Asia $ 17,000,000 4,250,000 595,000 14% Europe $ 19,000,000 6,800,000 550,000 10% North America $ 30,000,000 12,000,000 960,000 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 14% Asia division Europe division North America division 8:% 8% 2. Compute the Rl for each division S Asia division Europe division North America division RI 595,000 550.000 5 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? ROI 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