ASAP Please!

1. Last year the Midwest Division of Corvette Industries had sales of $300,000 and a net operating income of $24,000. The average operating assets at Midwest last year amounted to $120,000. At Midwest the turnover used to calculate ROI last year was:

A. 5.0

B. 3.2

C. 2.5

D. 0.4

2. The Eastern Division of Corvette Industries recorded operating data as follows for the past year:

Sales	$600,000
Net operating income	$30,000
Average operating assets	$200,000
Stockholders' equity	$50,000
Residual income	$14,000

For the past year, the minimum required rate of return was:

A. 7%

B. 16%

C. 8%

D. 14%