C46 1 Problem 2A fx A B C D E F G H 2345 The Central Division of Miller's Quarter Horse Company has sales of $4,500,000. It also has invested assets of $2,500,000 and operating expenses of $3,800,000. The company has established a minimum rate of return of 7%. 7 Required: SA. Determine the following for the Central Division: 9 i) Profit Margin 10 ii) ROI using DuPont formula 11 ii) Residual Income 12 13 Solution: 14 A. 15 Income from operations 16 Profit margin 17 Investment Turnover 18 ROI 19 Residual Income 20