Jordan Shoe Company provided the following information about the fiscal year ending December 31, 2022.

Sales Revenue$1,200,000

Less, Variable expenses 480,000

Contribution Margin$ 720,000

Less, Fixed expenses 504,000

Operating Income _$216,000

On January 1, 2022, the company had $800,000 in operating assets and during the year the company purchased an additional $200,000 of operating assets.

Required:

A).Calculate the Margin and Turnover for the company for 2022.(8 Marks)

B).Calculate the ROI using results from(A)above and using the alternative method.(3 Marks)

C).If Jordan expects a minimum required rate of return of 15 percent, calculate the Residual Income. (4 Marks)

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