Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two di

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Tan Corporation Of Japan Has Two Regional Divisions With Headquarters In Osaka And Yokohama Selected Data On The Two Di 1 (33.54 KiB) Viewed 70 times

Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Sales Net operating income Average operating assets Division Osaka Yokohama $ 9,200,000 $ 22,000,000 $ 552,000 $ 1,760,000 $ 2,300,000 $ 11,000,000 Required: 1. For each division, compute the return on investment (ROI). 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 13%. Compute the residual income for each division.