The following selected data pertain to the belt division of Allen Corp. for last year: Sales $500,000 Average Operating Assets $200,000 Operating Income $ 20,000 Turnover 2.5 times Minimum required return 20.0%

a. The Return on Investment 2 marks

b. The Residual Income 2 marks

Harstin Corporation has provided the following data: Sales $625,000 Gross Margin $ 70,000 Operating Income $ 50,000 Shareholders Equity $ 90,000 Average Operating Assets $250,000 Residual Income $ 20,000 Compute the following:

c. The Margin 2 marks

d. The Turnover 2 marks

Make sure to show ALL work! A majority of the marks are based on the work, not the final answer. To receive full credit for each question, you must show your work, and round your final answers to 2 decimal points correctly.