1. Minor & Neece, Ltd., operates retail clothing stores in Nashville, Knoxville, and Memphis, Tennessee. Each store is evaluated as an investment center. Selected results from the latest year are as follows:

Nashville Knoxville Memphis

Sales $5,086,000 $8,000,000 $2,000,000

Variable expenses 2,070,000 4,893,000 1,079,000

Direct fixed expenses 2,070,000 2,500,000 856,000

Average assets 4,000,000 4,950,000 1,689,000

Required rate of return 14% 14% 14%

(a)

Calculate the margin, asset turnover, and ROI for each of the three stores.(Round answers to 2 decimal places, e.g. 2.50 & 10.50%.)

Nashville Knoxville Memphis

Margin _____ ______ _______percentages

Asset turnover ______ _______ ________

ROI _____ ______ ______