The contribution format income statement for Huerra Company for last year is given below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Income taxes @ 40% Net income Total $ 1,000,000 600,000 400,000 322,000 78,000 31,200 $ 46,800 Unit $ 50.00 30.00 20.00 16.10 3.90 1.56 $ 2.34 The company had average operating assets of $500,000 during the year. As a result of a more intense effort by sales people, sales are increased by 20%; operating assets remain unchanged. (Rour your intermediate calculations and final answer to 2 decimal places.) Effect % Margin Turnover ROI % Decrease Required 4 Required 6 > Increase Unchanged Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 At the beginning of the year, obsolete inventory carried on the books at a cost of $16,000 is scrapped and written off as a loss, thereby lowering net operating income. (Round your intermediate calculations and final answer to 2 decimal places.) Effect % Margin Turnover ROI % Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 At the beginning of the year, the company uses $184,000 of cash (received on accounts receivable) to repurchase some of its common stock. (Round your intermediate calculations and final answer to 2 decimal places.) Effect Margin % Turnover ROI %