Calculate the asset turnover from the following data:

Operating profit	$150,000
Total variable cost	$80,000
Capital invested	$3,000,000
Sales revenue	$2,000,000

	a.	0.07.
	b.	0.67.
	c.	0.53.
	d.	0.05.
	e.	0.04.

Speedy Ltd has an imputed interest rate of 12 per cent. Division Z of Speedy Ltd has invested capital of $800,000 and a return on investment of 15 per cent. What is the residual income?

	a.	($24,000).
	b.	$24,000.
	c.	$96,000.
	d.	$120,000.
	e.	Some other amount.