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Tan Corporation of Japa follow:

Tan Corporation of Japa follow:

FINANCIAL ACCOUNTING
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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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 >
Transcribed Image Text: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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