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Smyth, Inc. had average invested capital of $6,000,000 and sales revenue of $3,000,000 and net income of $600,000 in 2017. a) What is the sales margin for 2017? b) What is the capital turnover for 2017? c) What is the ROI for 2017? d) Smyth, Inc. desires to have an ROI of at least 15%. Is it happy with its 2017 results ? Bond Company uses the following figures to prepare its annual manufacturing overhead budget for 2020: Variable overhead costs (total $3.50 per direct labor hour) Fixed overhead costs (for the relevant range) Depreciation per month $ 30,000 Supervision per month 20,000 Property taxes per month 12.000 Total fixed overhead costs per month $ 62,000 The relevant range for monthly activity is between 16,000 and 24,000 direct labor hours. Instructions: Prepare flexible budget columns for the monthly activity levels of 18,500 and 20,000 direct labor hours