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Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama....

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Accounting

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Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow (in millions of yen, denoted by ): Sales Net operating income Average operating assets Division Osaka Yokohama Y 2,990,000 Y 10,920,000 261,600 764,400 1,090,000 3,640,000 Required: 1. For each division, compute the rol in terms of margin and turnover. (Do not round intermediate calculations and round your final answers to 2 decimal places.) ROI Osaka division Yokohama division % % 2. Assume that the company evaluates performance by use of RI and that the minimum required return for any division is 19%. Compute the Rl for each division RI Osaka division Yokohama division 3. Is Yokohama's RI an indication that it is better managed than Osaka? Yes ONO

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