7. AEWORK ASSIGNMENT- Top Value Paint is a national paint manufacturer and retailer. The company has two divisions segmente com Base and High Gloss Management has specified that both divisions have a 20% target rate of return. The company has the following data for the divisions: Net Sales Operating Income Average Total Assets Flat Base $ 3.800,000 $ 456,000 $ 1,320,000 High Gloss $ 1.300.000 $ 200,000 $ 1.200.000 Requirement 1: Calculate each division's ROI. Round answers to four decimal places. Flat Base High Gloss Operating Income $ 456,000 $ 1 Average Assets Is $ ROI 34.55% % Requirement 2: Calculate each division's Profit Margin Ratio. Flat Base High Gloss Operating Income $ S $ s = Profit Margin Ratio =8.% 15.38% Requirement 3: Calculate each division's Investment Turnover. M. Average Total Assets / $ Flat Base High Gloss $ 3.800.000 $ Investment Turnover 2.88 = 9. Requirement 4: Use the EXPANDED ROI formula to confirm your results from Requirement 1: RR Profit Margin Ratio = ROI Flat Base High Gloss Requirement 5: Calculate each division's Residual Income. Flat Base High Gloss = $ 192,000 = $ 10