The following information pertains to Bishop Concrete:

Sales revenue	$2,250,000
Gross margin	750,000
Income	105,000
Invested capital	600,000

The company's imputed interest rate is 8%.

1.

The capital turnover is:

5.71.

3.75.

26.67.

21.43.

17.50.

2.

The sales margin is:

14.00%.

17.50%.

4.67%.

33.33%.

26.67%.

3,

The residual income is:

$45,000.

$96,600.

$75,000.

$48,000.

$57,000.