Savedsp 2022 iTan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisionsfollow:DivisionOsakaYokohama$ 9,200,000$ 552,000$ 2,300,000$ 22,000,000$ 1,760,000$ 11,000,000SalesNet operating incomeAverage operating assetsRequired: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 anydivision is 13%. Compute the residual income for each division.Complete this question by entering your answers in the tabs below.Required 1Required 2Assume that the company evaluates performance using residual income and that the minimum required rate of return for anydivision is 13%. Compute the residual income for each division.OsakaYokohamaResidual income2$184,000 $< Required 1Required 2 >

The amount by which the net operating income exceeds the minimum required rate of return in terms of…

Answered: Tan Corporation of Japa follow:

Business

Accounting

Tan Corporation of Japa follow:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Saved
sp 2022 i
Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions
follow:
Division
Osaka
Yokohama
$ 9,200,000
$ 552,000
$ 2,300,000
$ 22,000,000
$ 1,760,000
$ 11,000,000
Sales
Net operating income
Average operating assets
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.
Complete this question by entering your answers in the tabs below.
Required 1
Required 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.
Osaka
Yokohama
Residual income
2$
184,000 $
< Required 1
Required 2 >

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