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5. value: 2.68 points The contribution format income statement for Strickland, Inc., for its most recent period is given below TtalUnit 1,050,000 $52.50 Sales Variable

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5. value: 2.68 points The contribution format income statement for Strickland, Inc., for its most recent period is given below TtalUnit 1,050,000 $52.50 Sales Variable expenses 630,000 31.50 Contribution margin Fixed expenses 420,000 333,000 21.00 16.65 Net operating income Income taxes @ 40% 87,000 34,800 4.35 1.74 Net income 52,200 2.61 The company had average operating assets of $528.000 during the period. Required 1. Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROl figure. Consider each question separately, starting in each case from the original ROI computed in (1) above

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