QUESTION 11 Carrol Company has sales of $9,000,000, operating assets of $3,600,000, a retum on Investment of 15%. The firm's sales margin is: 37.5% 6.0% 2.0% 15.0% QUESTION 12 Quick Inc. has prepared a planning budget for a volume of 15,000 units. On the planning budget rent is budgeted to be $30,000. The flexible budget prepared for an actual activity level of 20,000 units would have a value for rent of: $35,000 0 $40,000 $15,000 $30,000