Solomon Corporation's balance sheet indicates that the company has $640,000 invested in operating assets. During the year, Solomon earned operating income of $81,920 on $1,280,000 of sales. Required a. Compute Solomon's profit margin for the year. b. Compute Solomon's turnover for the year. c. Compute Solomon's return on investment for the year. d. Recompute Solomon's ROI under each of the following independent assumptions: (1) Sales increase from $1,280,000 to $1,536,000, thereby resulting in an increase in operating income from $81,920 to $92,160. (2) Sales remain constant, but Solomon reduces expenses, resulting in an increase in operating income from $81,920 to $84,480. (3) Solomon is able to reduce its invested capital from $640,000 to $512,000 without affecting operating income. Complete this question by entering your answers in the tabs below. Req A to C Req D Compute Solomon's profit margin, turnover and return on investment for the year. (Round "Profit margin" and "Return on investment" to 1 decimal place (i.e., 0.234 should be entered as 23.4).) a. Profit margin b. Tumover % times c. Return on investment % Req A to C Req D > Complete this question by entering your answers in the tabs below. Req A to C Req D Recompute Solomon's ROI under each of the following independent assumptions: (Do not round intermediate calculations. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) (1) Sales increase from $1,280,000 to $1,536,000, thereby resulting in an increase in operating income from $81,920 to $92,160. (2) Sales remain constant, but Solomon reduces expenses, resulting in an increase in operating income from $81,920 to $84,480. (3) Solomon is able to reduce its invested capital from $640,000 to $512,000 without affecting operating income. Return on Investment (1) % (2) % (3) % Show less A