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Watkins associated industries is a highly diversified company with three divisions:
Tucking, Seafood, and construction. Assume that the company uses return on investment And residual income as two of the evaluation tools for division managers. The company Has a minimum desired rate of return on investment of 10 percent with a 30 percent Tax rate. Selected operating data for three divisions of the company follow.
Trucking Division
Seafood Division
Construction Division
Sales
$1,200,000
$750,000
$900,000
Operating assets
600,000
250,000
350,000
Net operating income
102,000
56,000
59,000
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