ZNet Co. is a web-based retail company. The company reports the following for the past year. Sales Operating income Average invested assets $22,720,000 5,112,000 28,400,000 The company's CEO believes that sales for next year will increase by 30%, and both profit margin (%) and the level of average invested assets will be the same as for the past year. 1. Compute return on investment for the past year. 2. Compute profit margin for the past year. 3. If the CEO's forecast is correct, what will return on investment equal for next year? 4. If the CEO's forecast is correct, what will investment turnover equal for next year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute return on investment for the past year. Return on Investment Choose Numerator: 1 Choose Denominator: Return on Investment 1 Return on investment / Compute profit margin for the past year. Profit Margin Choose Denominator: Choose Numerator: 1 II Profit Margin Profit margin / = = 1 If the CEO's forecast is correct, what will return on investment equal for next year? Return on Investment Choose Numerator: 1 Choose Denominator: Return on Investment Return on investment / 1 = If the CEO's forecast is correct, what will investment turnover equal for next year? Investment Turnover Choose Denominator: Choose Numerator: Investment Turnover Investment turnover / II /