(Answered) Question - ferris wares is a division of a major

Accounting

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

Sales	$12,700,000
Net operating income	$1,054,100
Average operating assets	$5,000,000
The company's minimum required rate of return	16%

Required:

What is the division's return on investment (ROI)?

What is the division's residual income?

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