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The laptop division of Lightyear Electronics reported the following data for the year 2022: \begin{tabular}{|lr|} \hline Net operating income & $50,000 \\ Turnover on operating assets & 5 \\ ROI & 20% \\ Minimum required rate of return & 13% \\ \hline \end{tabular} 10. Based on the information above, what was the 2022 margin for the laptop division, rounded to two decimal places? a. 0.20 b. 0.04 c. 1 d. 25 11. Based on the information above, what was the 2022 average operating assets balance? a. $40,000 b. $200,000 c. $180,000 d. $250,000 12. Based on the information above, what were the 2022 sales for the laptop division? a. $50,000 b. $1,250,000 c. $250,000 d. $2,000 13. Based on the information above, what level of average operating assets would lead to a residual income of $24,000 ? a. $3,380 b. $9,620 c. $200,000 d. $569,231 14. What is one advantage of using ROl over residual income? a. ROI takes into account the minimum required rate of return b. ROI does not involve measuring a firm's average operating assets. c. ROI is measured as a ratio, which makes the measure more comparable across firms and over time. d. All of the above The laptop division of Lightyear Electronics reported the following data for the year 2022: \begin{tabular}{|lr|} \hline Net operating income & $50,000 \\ Turnover on operating assets & 5 \\ ROI & 20% \\ Minimum required rate of return & 13% \\ \hline \end{tabular} 10. Based on the information above, what was the 2022 margin for the laptop division, rounded to two decimal places? a. 0.20 b. 0.04 c. 1 d. 25 11. Based on the information above, what was the 2022 average operating assets balance? a. $40,000 b. $200,000 c. $180,000 d. $250,000 12. Based on the information above, what were the 2022 sales for the laptop division? a. $50,000 b. $1,250,000 c. $250,000 d. $2,000 13. Based on the information above, what level of average operating assets would lead to a residual income of $24,000 ? a. $3,380 b. $9,620 c. $200,000 d. $569,231 14. What is one advantage of using ROl over residual income? a. ROI takes into account the minimum required rate of return b. ROI does not involve measuring a firm's average operating assets. c. ROI is measured as a ratio, which makes the measure more comparable across firms and over time. d. All of the above

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