Profit Margin, Investment Turnover, and ROI

Cash Company has income from operations of $41,760, invested assets of $116,000, and sales of $417,600. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.

a. Profit margin		%
b. Investment turnover
c. Return on investment		%

AND

Residual Income

The Consumer Division of Galena Company has income from operations of $132,620 and assets of $349,000. The minimum acceptable return on assets is 10%.

What is the residual income for the division? $