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Tucking seafood and construction assume that the company

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Reference no: EM13587258

Watkins associated industries is a highly diversified company with three divisions:

Tucking, Seafood, and construction. 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 10 percent with a 30 percent Tax rate. Selected operating data for three divisions of the company follow.

Trucking Division

Seafood Division

Construction Division

Sales

$1,200,000

$750,000

$900,000

Operating assets

600,000

250,000

350,000

Net operating income

102,000

56,000

59,000
  1. Compute the return on investment for each division. (Round answers to three decimal places.)
  2. Compute the residual income for each division

Reference no: EM13587258

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