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Question - ROI and Residual Income: Basic Computations - Watkins Associated Industries is a privately held conglomerate. Assume that the company uses return on investment and residual income as two of the evaluation tools for division managers. The company has a minimum desired rate of return on investment of 15%. Selected operating data for three of the divisions of the company follow.
Trucking Division
Seafood Division
Construction Division
Sales
$6,450,000
$1,845,000
$5,200,000
Operating assets
3,750,000
580,000
1,750,000
Net operating income
525,000
116,000
385,000
Required -
(a) Compute the return on investment for each division. (Round answers to three decimal places.)
(b) Compute the residual income for each division. Note: Use a negative sign if residual income is a loss.
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