The contribution format income statement for Huerra Company for last year is given below:

	Total		Unit
Sales	$	990,000	$	49.50
Variable expenses		594,000		29.70
Contribution margin		396,000		19.80
Fixed expenses		320,000		16.00
Net operating income		76,000		3.80
Income taxes @ 40%		30,400		1.52
Net income	$	45,600	$	2.28

The company had average operating assets of $497,000 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).)

			Effect
Margin		%
Turnover
ROI		%

*the effect options are (decrease ,increase or unchange)

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).)

			Effect
Margin		%
Turnover
ROI		%

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).)

			Effect
Margin		%
Turnover
ROI		%

Thanks!!!