Please calculate and show all work and explanations.

Thank You!

Fisher Company
Income Statement
For the year ending
	Current		Prior
	Year		Year
(amount in thousands)
Sales	50,000		30,000
Cost of Goods Sold	27,500		14,500
Gross Profit	22,500		15,500
Wages	9,000		6,200
Utilities	675		700
Repairs	250		325
Selling	500		300
Total expenses	10,425		7,525
Operating Income
Operating Income as a % of sales
Total assets (investment base)	5,000		2,500
Please calculate the following
Operating Income
Operating income as a percent of sales
Return on investment
Residual Income (8% cost of capital)