Eber Wares is a division of a major corporation. The following data are for the latest year of operations.

Eber Wares is a division of a major corporation. The following data are for the latest year of operations.

Sales                                                                              $30,000,000

Net Operating income                                                     $1,170,000
Average operating assets                                                 $8,000,000
The company's minimum required rate of return                          18%

Required
1 What is the division's margin?
2 What is the division's turnover?
3 What is the division's ROI?
4 What is the division's residual income? (Points : 15)

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