Results from Pioneer Corporation's most recent year of operations is presented in the following table. Operating income

Question:

Results from Pioneer Corporation's most recent year of operations is presented in the following table.
Operating income .............. $ 9,240
Total assets ....................... $14,000
Current liabilities .............. $ 4,400
Sales ................................. $38,500
Target rate of return ............... 14%
Requirements
1. Calculate the sales margin, capital turnover, and return on investment (ROI).
2. Calculate the residual income.