The contribution format income statement for Huerra Company for last year is given below: Total Sales Variable expenses Unit $1,006,000 $50.30 603,600 30.18 Contribution margin ixed expenses 402,400 20.12 322,400 16.12 Net operating income Income taxes @ 40% 80,000 32,000 4.00 1.60 Net income $ 48,000 $ 2.40 The company had average operating assets of $504,000 during the year. Required. 1. Compute the company's return on investment (ROI) for the period using the ROl formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places.) Margin Turnover ROI