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Check my work 1 Exercise 11-6 Contrasting Return on Investment (ROI) and Residual Income [LO11-1,...

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Check my work 1 Exercise 11-6 Contrasting Return on Investment (ROI) and Residual Income [LO11-1, L011-2] 20 points Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow Division $ 11,000,000 40,000,000 2,750,000 20,000,000 Osaka Yokohama eBook Hint Print References Sales Net operating income Average operating assets $ 880,000 4,000,000 Required 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 18%. Compute the residual income for each division. 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3 For each division, compute the return on investment (ROI) in terms of margin and turnover Osaka Yokohama ROI

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