Walton Corporations balance sheet indicates that the company has $680,000 invested in operating assets. During 2018, Walton earned operating income of $92,480 on $1,360,000 of sales.

Required

Compute Waltons profit margin for 2018.

Compute Waltons turnover for 2018.

Compute Waltons return on investment for 2018.

Recompute Waltons ROI under each of the following independent assumptions: (1) Sales increase from $1,360,000 to $1,632,000, thereby resulting in an increase in operating income from $92,480 to $97,920. (2) Sales remain constant, but Walton reduces expenses, resulting in an increase in operating income from $92,480 to $95,200. (3) Walton is able to reduce its invested capital from $680,000 to $544,000 without affecting operating income.

Compute Waltons profit margin, turnover and return on investment for 2018. (Round "Profit margin" and "Return on investment" to 1 decimal place.)

Compute Waltons profit margin, turnover and return on investment for 2018. (Round "Profit margin" and "Return on investment" to 1 decimal place.)

Profit margin		%
Turnover		times
Return on investment		%

Recompute Waltons ROI under each of the following independent assumptions: (Do not round intermediate calculations. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).)

(1) Sales increase from $1,360,000 to $1,632,000, thereby resulting in an increase in operating income from $92,480 to $97,920.

(2) Sales remain constant, but Walton reduces expenses, resulting in an increase in operating income from $92,480 to $95,200.

(3) Walton is able to reduce its invested capital from $680,000 to $544,000 without affecting operating income.

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Return on Investment
(1)		%
(2)		%
(3)		%