Solano Company has sales of $500,000, cost of goods sold of $370,000, other operating expenses of $50,000, average invested assets of $1,600,000, and a hurdle rate of 6 percent. 1. Determine Solano's return on investment (ROI), investment turnover, profit margin, and residual income. Loss amount should be indicated by a minus sign. Do not round your intermediate calculations. Round your "Investment Turnover" answer to 4 decimal places.) Return on Investment Investment Turnover Profit Margin Residual Income 1% 2. Several possible changes that Solano could face in the upcoming year follow. Determine each scenario's impact on Solano's ROl and residual income. (Note: Treat each scenario independently.) a. Company sales and cost of goods sold increase by 30 percent. (Do not round your intermediate calculations. Round your "Return on Investment" answer to 2 decimal places.) Return on Investment Residual Income b. Operating expenses decrease by $10,000. (Loss amount should be indicated by a minus sign. Do not round your intermediate calculations. Round your "Return on Investment" answer to 2 decimal places.) Return on Investment Residual Income