Problem 15-22 Return on investment LO 15-6 Jordan Corporation's balance sheet indicates that the company has $590,000 invested in operating assets. During 2018, Jordan earned operating income of $69,620 on $1,180,000 of sales. Required a. Compute Jordan's profit margin for 2018 b. Compute Jordan's turnover for 2018 c. Compute Jordan's return on investment for 2018 d. Recompute Jordan's ROI under each of the following independent assumptions: (1) Sales increase from $1,180,000 to $1.416,000, thereby resulting in an increase in operating income from $69.620 to $77,880. (2) Sales remain constant, but Jordan reduces expenses, resulting in an increase in operating income from $69.620 to $71.980. (3) Jordan is able to reduce its invested capital from $590,000 to $472,000 without affecting operating income. Complete this question by entering your answers in the tabs below. Req Ato C Reg D Compute Jordan's profit margin, turnover and return on investment for 2018. (Round "Profit margin" and "Return on investment to 1 decimal place.) a Profit margin Tumover Return on investment Jordan Corporation's balance sheet indicates that the company has $590,000 invested in operating assets. During 2018, Jordan earned operating income of $69,620 on $1,180,000 of sales. Required a. Compute Jordan's profit margin for 2018 b. Compute Jordan's turnover for 2018. c. Compute Jordan's return on investment for 2018 d. Recompute Jordan's ROI under each of the following independent assumptions: (0) Sales increase from $1,180,000 to $1,416,000, thereby resulting in an increase in operating income from $69,620 to $77,880. (2) Sales remain constant, but Jordan reduces expenses, resulting in an increase in operating income from $69,620 to $71,980. (3) Jordan is able to reduce its invested capital from $590,000 to $472,000 without affecting operating income. Complete this question by entering your answers in the tabs below. Req A to C Reg D Recompute Jordan's ROI under each of the following independent assumptions: (Do not round Intermediate calculations. Round your answers to 2 decimal places. (l.e., .2345 should be entered as 23.45).) (1) Sales increase from $1,180,000 to $1,416,000, thereby resulting in an increase in operating income from $69,620 to $77,880. (2) Sales remain constant, but Jordan reduces expenses, resulting in an increase in operating income from $69,620 to $71,980. (3) Jordan is able to reduce its invested capital from $590,000 to $472,000 without affecting operating income. Show less Return on Investment (3)