XYZ company has two divisions - East and West. The following segmented financial information is for the most recent fiscal year: East Division West Division Sales $ 3,000,000 $ 5,000,000 Cost of goods sold $ 900,000 $ 3,040,000 Allocated overhead $ 600,000 $ 1,200,000 Selling and administrative expenses $ 350,000 $ 370,000 Average operating assets for the year $ 1,800,000 $ 2,600,000 Cost of capital rate 10% Tax rate 30% Net income for East Division is: Question 20 options: $283,000 $905,000 $805,000 $273,000 Question 21 (1 point) Profit Margin for East Division would be closest to: Question 21 options: 5% 10% 27% 14% Question 22 (1 point) Operating income for West Division is: Question 22 options: $390,000 $273,000 $805,000 $1,150,000 Question 23 (1 point) Return on investment for West Division would be closest to: Question 23 options: 27% 15% 20% 30% Question 24 (1 point) Residual income for West Division is closest to: Question 24 options: $390,000 $805,000 $130,000 $150,000