1 Neil's Halls operates two bingo halls, one in Clarkson and one in Caledon. Selected data on the two locations follow: 3 Sales Net operating income Average operating assets Clarkson Caledon $450,000 $1,000,000 $30,000 $90,000 $150,000 $500,000 5 7 3 Required: 1. Compute the margin, turnover and return on investment (ROI) for each location. (3 marks) Clarkson Caledon 1 2 3 3 Margin Turnover Return on investment . 2. Assume that the minimum required return is 17%. Calculate the residual income for each location. (4 marks) Clarkson Caledon Residual income