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The following is selected financial information for the Heron Company: Sales - $10,000,000 Net Investment - $5,000,000 Operating Income - $1,000,000 Heron Company is a

The following is selected financial information for the Heron Company:

Sales - $10,000,000

Net Investment - $5,000,000

Operating Income - $1,000,000

Heron Company is a wholly-owned subsidiary of Harrison Corporation. They expect to earn a 15% return on their investment. Based on that information, complete the following problems:

Compute the sales turnover.

Compute the profit margin.

Compute the ROI.

Calculate the residual income.

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