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The contribution format income statement for Huerra Company for last year is given below; The company had average operating assets of $500,000 during the year.

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The contribution format income statement for Huerra Company for last year is given below; The company had average operating assets of $500,000 during the year. Sales are increased by 15%; operating assets remain unchanged. (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) Obsolete inventory carried on the books at a cost of $19.000 is scrapped and written off as a loss. (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) The company uses $175:000 of cash (received on accounts receivable) to repurchase and retire some of its common stock. (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)

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