Top Value Paint is a national paint manufacturer and retailer. The company has two divisions (segments): Flat Base and High Gloss. Management has specified that both divisions have a 20% target rate of return. The company has the following data for the divisions: Net Sales Operating Income Average Total Assets Flat Base $ 3,800,000 $ 456,000 $ 1,320,000 High Gloss $ 1,300,000 $ 200,000 $ 1,200,000 Requirement 1: Calculate each division's ROI. Round answers to four decimal places. Operating Income / Average Assets ROI Flat Base $ 456,000 34.55% High Gloss =7. 1% Requirement 2: Calculate each division's Profit Margin Ratio. Operating Income = Profit Margin Ratio Flat Base =8. 1% High Gloss = 15.38 % Requirement 3: Calculate each division's Investment Turnover / Average Total Assets = Investment Turnover Flat Base $ 3,800,000 $ = 2.88 High Gloss S Requirement 4: Use the EXPANDED ROI formula to confirm your results from Requirement 1: Profit Margin Ratio x = ROI Flat Base High Gloss Requirement 5: Calculate each division's Residual Income. Flat Base 192,000 High Gloss = $ 10