Problem
Pelak Company had sales of $4,916,000, expenses of $4,648,000, and average operating assets of $3,000,000.
I. Compute the operating income.
II. Compute the margin (as a percent) and turnover ratio. If required, round your answers to one decimal place.
III. Compute the ROI as a percent. Use the part II final answers in these calculations and round the final answer to two decimal places.