Part 4- ROI and Residual Income (20 points) Monfett statement: operating income last year as shown in the following income Sales Cost of goods sold Gross Selling and administrative expense $620,000 $304,000 $85,000 At the beginning of the year, the value of operating assets was $263,000. At the end of the year the value of a minimum rate of requires return of 15%. A. Calculate Average operating assets B. Calculate Margin (round to 3 decimal places) C.Calculate Turnover (round to 3 decimal places) D. Caleulate Return on investment (round to 3 decimal places) E. Calculate Residual income F. Did Monfett meet their required rate of return of 15%? How do you know