ZNet Co. is a web-based retail company. The company reports the following for 2017. Sales Operating income Average invested assets $ 17,880,000 4,470,000 29,800,000 The company's CEO believes that sales for 2018 will increase by 10%, and both profit margin (%) and the level of average invested assets will be the same as for 2017. 1. Compute return on investment for 2017. 2. Compute profit margin for 2017. 3. If the CEO's forecast is correct, what will return on investment equal for 2018? 4. If the CEO's forecast is correct, what will investment turnover equal for 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute return on investment for 2017. Choose Numerator: Operating income 4,470,000 Return on Investment Choose Denominator: 1 Average invested assets 1 | $ 29,800,000 = = = Return on Investment Return on investment 15.00% Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute profit margin for 2017. Profit Margin Choose Denominator: Sales Choose Numerator: Operating income $ 4,470,000 = Profit Margin Profit margin 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If the CEO's forecast is correct, what will return on investment equal for 2018? Return on Investment Choose Denominator: Choose Numerator: I = Return on Investment Return on investment Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If the CEO's forecast is correct, what will investment turnover equal for 2018? Investment Turnover 1 Choose Denominator: Choose Numerator: = Investment Turnover Investment turnover