Sales Revenue$1,200,000

Less, Variable expenses 480,000

Contribution Margin$ 720,000

Less, Fixed expenses 504,000

Operating Income _$216,000

On January 1, 2022, the company had $800,000 in operating assets and during the year the company purchased an additional $200,000 of operating assets.

A). Calculate the Margin and Turnover for the company for 2022. (8 Marks) B). Calculate the ROI using results from (A) above and using the alternative method. (3 Marks) C). If Jordan expects a minimum required rate of return of 15 percent, calculate the Residual Income