Ferris wares is a division of a major corporation the

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

Sales $15,000,000
Net operating income $1,500,000
Average operating assets $5,000,000
Minimum required rate of return 15%

Required:

a. What is the division's residual income?
b. What is the division's return on investment (ROI)?

Reference no: EM13581962

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