PLEASE CORRECT RED

The contribution format income statement for Huerra Company for last year is given below: Sales Variable expenses Total Unit $ 996,000 $ 49.80 597,600 29.88 Contribution margin Fixed expenses 398,400 19.92 320,400 16.02 Net operating income Income taxes @ 40% 78,000 31,200 3.90 1.56 Net income $ 46,800 $ 2.34 The company had average operating assets of $492,000 during the year. Required: 1. Compute the company's return on investment (ROIfor the period using the ROI formula stated in terms of margin and turnover(Round your intermediate calculations and final answer to 2 decimal places.) o Answer is complete and correct. Margin Turnover ROI 7.83 0 1 % 2.02 0 15.85 0 %