uirements alculate the sales margin, capital turnover, and return on investment (ROI). alculate the residual income (RI). emer e IIa, Wien Lailuale ule Sales margin Data Table Sales margin % $ 9,240 enter the formula, then calculate the capital turnover. (Round your answer to two decimal places.) Capital turnover times + $ 14,000 + 11 Operating income Total assets Current liabilities. Sales Target rate of return $ 4,400 $ 38,500 17 % enter the formula, then calculate the ROI. ROI % Print Done uirement 2. Calculate the residual income (RI). r the formula then calculate the residual income. RI %) = se from any list or enter any number in the input fields and then continue to the next question. It costs Homer's Manufacturing $0.55 to produce baseballs and Homer sells them for $6 apiece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $17,000 a month rent for his factory and store, and also pays $79,000 a month to his staff in addition to the commissions. Homer sold 72,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? O A. $435,000 B. $39,875 C. $299,125 D. $395,125 Martin Company currently sells its products for $240 per unit. Management is contemplating a 30% increase in the selling price for the next year. Variable costs are currently 40% of sales revenue and are not expected to change next year the company will still pay the same variable cost per unit). Fixed expenses are $110,000 per year. If fixed costs increase 20% next year, and the new selling price per unit goes into effect, how many units will need to be sold to breakeven? O A. 612 units OB. 1,375 units OC. 324 units OD. 132,000 units Cargo Corporation sells its cargo carriers for $800 each. Its variable cost is $300 per carrier. Fixed costs are $29,000 per month for volumes up to 1,400 carriers. Above 1,400 carriers, monthly fixed costs are $59,000. What is the budgeted operating income at a level of 1,200 carriers per month A. $600,000 B. $541,000 C. $931,000 D. $571,000