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2. Midland Division, which is part of Courtyard Enterprises, recently reported a sales margin of 30%, ROI of 21%, and residual income of $220,000. Courtyard

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2. Midland Division, which is part of Courtyard Enterprises, recently reported a sales margin of 30%, ROI of 21%, and residual income of $220,000. Courtyard uses an imputed interest rate of 10%. Required: A. Briefly define sales margin, capital turnover, and return on investment. B. Compute Midland's capital turnover and invested capital. C. Ignoring your work in requirement "B," assume that invested capital amounted to $2,500,000 On the basis of this information, calculate Midland's income and sales revenue

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