Check my work 3 Problem 15-22A (Algo) Return on investment LO 15-6 5 points eBook Baird Corporation's balance sheet indicates that the company has $520,000 invested in operating assets. During the year, Baird earned operating income of $54,080 on $1,040,000 of sales Required a. Compute Baird's profit margin for the year b. Compute Baird's turnover for the year c. Compute Baird's return on investment for the year. d. Recompute Baird's ROI under each of the following independent assumptions: (1) Sales increase from $1,040,000 to $1,248,000, thereby resulting in an increase in operating income from $54.980 to $62.400 (2) Sales remain constant, but Baird reduces expenses, resulting in an increase in operating income from $54,080 to $56.160 (3) Baird is able to reduce its invested capital from $520,000 to $416,000 without affecting operating income. References Complete this question by entering your answers in the tabs below. Reg A to Reg D Compute Baird's profit margin, turnover and return on investment for the year. (Round Profit margin" and "Return on Investment" to 1 decimal place ... 0.234 should be entered as 23:4).) Check my work 3 GU10 FASHIVES HUMAIO IOARJU WARRIER Complete this question by entering your answers in the tabs below. 5 Reg A toc Reg D References Recompute Baird's ROI under each of the following independent assumptions: (Do not round intermediate calculations, Round your answers to 2 decimal places. (l., 2345 should be entered as 23.45).) (1) Sales increase from $1,040,000 to $1,248,000, thereby resulting in an increase in operating income from $54,000 to $62,400 (2) Sales remain constant, but Baird reduces expenses, resulting in an increase in operating income from $54,000 to $56,160. (3) Baird is able to reduce its invested capital from $520,000 to $416,000 without affecting operating income. Show less Return on Investment (1) ***