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Fred Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions: 2019 2020 2021 Revenue Southwest $ 14,550

Fred Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions:

2019

2020

2021

Revenue

Southwest

$

14,550

$

21,650

$

25,650

Midwest

6,350

6,650

6,850

Southeast

12,050

12,650

12,950

Total

$

32,950

$

40,950

$

45,450

Net Operating Income

Southwest

$

750

$

850

$

1,000

Midwest

900

1,250

1,200

Southeast

650

850

1,250

Total

$

2,300

$

2,950

$

3,450

Average Total Operating Assets

Southwest

$

13,650

$

13,850

$

16,450

Midwest

4,350

3,850

3,850

Southeast

4,950

5,250

5,250

Total

$

22,950

$

22,950

$

25,550

Required:

Calculate 1) return on sales (ROS)(i.e., Margin), 2) asset turnover (AT), and 3) return on investment (ROI) for each division and also for the firm as a whole for each of the three years 2019, 2020, and 2021 and show all your work.

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