Cuisine Master is a division of a major corporation. The following data are for the latest year of…

Cuisine Master is a division of a major corporation. The following data are for the latest year of operations.

Sales	$30,000,000
Net Operating income	$1,170,000
Average operating assets	$8,000,000
The company’s minimum required rate of return	18%

Required:

i. What is the division’s margin?

ii. What is the division’s turnover?

iii. What is the division’s ROI?

iv. What is the division’s residual income?

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