Q3. Given the following data for an investment division of ABC Company Average working capital $500,000 General and administrative expenses $300,000 Property, plant and equipment $1,500,000 Cost of goods sold $600,000 Return on sales = 25% Find Return on investment and investment turnover?

Q4: ABC Company manufacture one product with the following data
	January	February	March	April
Expected sales (units)	10,000	11,000	12,100	13,310
Selling price per unit	$10.00	$10.00	$10.00	$10.00
Beginning inventory (units)	1,100
Cost of goods sold (COGS)	60%	60%	60%	60%
The company requires to have ending inventory costs equals to		10%	of the next month COGS
Prepare the purchase budget for the coming three months.