USE THE FOLLOWING TO ANSWER QUESTIONS 21 THROUGH 24:

The Mrs. Potts Division is segment of a large, multinational company. Mrs. Potts reported the following current year financial data. Sales were $16,640,000; net operating income was $399,360; and average operating assets were $4,000,000. The company's minimum required rate of return is 18%.

21.) Mrs. Potts margin is closest to:

a.) 26.4% b.) 10.0% c.) 2.4% d.) 24.0%

22.) Based upon the information given in question 21 above, Mrs. Potts turnover is closest to:

a.) 3.78 b.) 4.16 c.) 41.67 d.) 0.10

23.)Based upon the information given in question 21 above, Mrs. Potts return on investment (ROI) is closest to:

a.) 41.6% b.) 10.0% c.) 0.2% d.) 1.9%

24.) Based upon the information given in question 21 above, Mrs. Potts residual income is closest to:

a.) $399,360 b.) $1,119,360 c.) $(320,640) d.) $(2,595,840)