any reports the following for the past year. Sales Operating income Average invested assets $14,800,000 3,145,000 18,500,000 The company's CEO believes that sales for next year will increase by 40%, and both profit margin (%) and the level of average invested assets will be the same as for the past year. 1. Compute return on investment for the past year. 2. Compute profit margin for the past year. 3. If the CEO's forecast is correct, what will return on investment equal for next year? 4. If the CEO's forecast is correct, what will investment turnover equal for next year? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If the CEO's forecast is correct, what will return on investment equal for next year? Return on Investment Return on Choose Numerator: Choose Denominator: Investment Operating income Average invested assets Return on investment 6,290,000 18,500,000 34.00% $ ZNet Co. is a web-based retail company. The company reports the following for the past year. Sales Operating income Average invested assets $14,800,000 3,145,000 18,500,000 The company's CEO believes that sales for next year will increase by 40%, and both profit margin (%) and the level of average in assets will be the same as for the past year. 1. Compute return on investment for the past year. 2. Compute profit margin for the past year. 3. If the CEO's forecast is correct, what will return on investment equal for next year? 4. If the CEO's forecast is correct, what will investment turnover equal for next year? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requied 4 If the CEO's forecast is correct, what will investment turnover equal for next year? Investment Turnover Choose Numerator: Choose Denominator: Sales Average invested assets $ 740,000 IS 18,500,000 Investment Turnover Investment tumover 0.04