Genmure Corporation is trying to analyze the results of three efficiency initiatives that were taken on the previous fiscal period. Below is data relating to these projects: Factory Automation Sales $ 400,000 Operating Expenses 225,000 Income Tax Expense 30,000 Average Assets Invested 1,100,000 Re-Certify Labor Force Sales $ 290,000 Operating Expenses 265,000 Income Tax Expense 4,000 Average Assets Invested 125,000 Update Tools and Equipment Sales Operating Expenses Income Tax Expense Average Assets Invested Hurdle Rate: $ 142,000 48,000 18,000 500,000 12% Required: Determine the Margin, Turnover, Return on Investment, and Residual Income for each initiative. Factory Automation Margin Turnover Return on Investment (ROI) Residual Income (RI) Re-Certify Labor Force Margin Turnover Return on Investment (ROI) Residual Income (RI) Margin Turnover Update Tools and Equipment Return on Investment (ROI) Residual Income (RI) Which initiative outperformed the others on the basis of Return on Investment? Which initiative outperformed the others on the basis of Residual Income? Management is pleased with the results of the last year and is offering additional resources to continue the positive trend with the initiatives. Additional Assets to Invest Increase to Sales ncrease to Operating Expenses 325,000 30% 15% Required: Recalculate the amounts with management's additional funding. Assume Income Tax remains the same. Determine the Margin, Turnover, Return on Investment, and Residual Income for each initiative with management's additional funding. Sales Factory Automation Operating Expenses ncome Tax Expense Average Assets Invested Sales Re-Certify Labor Force Operating Expenses ncome Tax Expense Average Assets Invested Sales Update Tools and Equipment Operating Expenses Income Tax Expense Sales Update Tools and Equipment Operating Expenses Income Tax Expense Average Assets Invested Factory Automation Margin Turnover Return on Investment (ROI) Residual Income (RI) Re-Certify Labor Force Margin Turnover Return on Investment (ROI) Residual Income (RI) Margin Turnover Update Tools and Equipment Return on Investment (ROI) Residual Income (RI) If the manager for the labor force's performance uses ROI, would the manager accept the management's funding? If the manager for the Tools and Equipment's performance uses Residual Income, would the manager accept the management's funding? If the manager for Factory Automation's performance uses Return on Investment, would the manager accept the management's funding? If the manager for Factory Automation's performance uses Residual Income, would the manager accept the management's funding?