Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:
Sales $24,900,000
Net operating income $1,319,700
Average operating assets $6,000,000
The company's minimum required rate of return 12%
Required:
a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI)?
d. What is the division's residual income?