Monfett Manufacturing earned operating income last year as shown in the following income statement: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Less: Income taxes (at 40%) Net income RM620,000 RM316.000 RM304,000 RM219,000 RM85.000 RM34.000 RM51,000 At the beginning of the year, the value of operating assets was RM263,000. At the end of the year, the value of operating assets was RM336,000. Monfett Manufacturing requires a minimum rate of return of 15%. Total capital employed equal RM350,000 and actual cost of capital is 6%. INS CONFIDEN Calculate the following: (a) [3 Marks] [CO3, PO5, C4] (b) Margin. (c) Turnover. [3 Marks] [CO3, PO5, C4] [3 Marks] [CO3, PO5, C4]