A. Determine the missing items, identifying each by the letters (A) through (L). (Round percentages and investment turnover to one decimal place.)

B. Determine the residual income for each division, assuming that the minimum acceptable return on investment established by management is 12%.

C. Which division is the most profitable in terms of (1) return on investment and (2) residual income?

EX 23-16 Determining missing items from computations Obj. 4 A. (E) $300,000 Data for the North, South, East, and West divisions of Free Bird Company are as follows: Income from Invested Operations Investment Investment Profit Margin Turnover Return on Assets Sales $860,000 North South East West 17.5% 7.0% 4.5% $51,300 3.8 $680,000 S560,000 15.0% $1,020,000 $1,120,000 $89,600 84% Page 1194 of 1345