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The Marine Division of Pacific Corporation has average invested assets of $ 1 1 0 , 0 0 0 , 0 0 0 . Sales

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The Marine Division of Pacific Corporation has average invested assets of $110,000,000. Sales revenue of $50,200,000 results in net
operating income of $9,958,000. The hurdle rate is 4%.
Required
a. Calculate the return on investment. Note: Round percentage to 2 decimals.
b. Calculate the profit margin. Note: Round percentage to 2 decimals.
c. Calculate the investment turnover. Note: Round percentage to 4 decimals places.
d. Calculate the residual income.
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