3. In 1999 APEX Farms Ltd. Has assets of $4.5 million, net profit of $550,000 and a target return on investment (ROI) of 10 percent. (ROI = Net profit after tax / Total assets) (i) Calculate the actual ROI for APEX Farms Ltd. (2marks) (ii) Did APEX Farms Ltd. Did better than projected (explain). (2marks) 4. St. Elizabeth Farmers Coop sells cabbage at $10 per lb and 106,000 lbs are sold. If the production cost is $600,000.00: (i) The profit will be. (2marks) (ii) If the price of cabbage increased to $15 per lb., demand drop to 60,000 lb. What is the new profit? (3marks) (iii) What is the implication of the new profit calculated in (ii) above? (2marks) 5. If a firm uses four factors of production, what is the minimum number which must be fixed in the short run? Why? (2 marks)