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Gibson Corporation's balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating Income of $67,280 on $1,160,000 of

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Gibson Corporation's balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating Income of $67,280 on $1,160,000 of sales. Required a. Compute Gibson's profit margin for 2018. b. Compute Gibson's turnover for 2018. c. Compute Gibson's return on Investment for 2018. d. Recompute Gibson's ROI under each of the following Independent assumptions: (1) Sales Increase from $1,160,000 to $1,392,000, thereby resulting in an increase in operating Income from $67,280 to $76,560. (2) Sales remain constant, but Gibson reduces expenses, resulting in an Increase in operating Income from $67,280 to $69,600. (3) Gibson is able to reduce its Invested capital from $580,000 to $464,000 without affecting operating Income. Complete this question by entering your answers in the tabs below. Req A to C Req D Compute Gibson's profit margin, turnover and return on investment for 2018. (Round "Profit margin" and "Return on investment" to 1 decimal place.) a. Profit margin b. Turnover c. Return on investment times

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