The following results for the current year are for the Grundy Division of Salmon Enterprises:

Sales $700,000

Variable costs 260,000

Contribution margin $440,000

Fixed expenses 300,000

Divisional income $140,000

Average operating assets are $1,400,000. The firms minimum required rate of return is 8 percent. The weighted average cost of capital is 6 percent. The divisions tax rate is 30 percent.

Required:

a. Calculate profit margin for the division.

b. Calculate asset turnover for the division.

c. Calculate return on investment (ROI) for the division.

d. Calculate economic value added (EVA) for the division.