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4. [ Returns on Assets] Jen and Larry's frozen yogurt venture described in Problem 3 required some investment in bricks and mortar. Initial specialty equipment and the renovation of an old warehouse building in lower downtown, referred to as LoDo, cost $450,000 at the beginning of 2019. At the same time, $50,000 was invested in inventories. In early 2020 , an additional $100,000 was spent on equipment to support the increased frozen yogurt sales in 2020. Use information from Problem 3 and this problem to solve the following: A. Calculate the ROA in both 2019 and 2020. B. Calculate the asset intensity or asset turnover ratios for 2019 and 2020. C. Apply the ROA model to Jen and Larry's frozen yogurt venture. D. Briefly describe what has occurred between the two years. E. Show how you would position Jen and Larry's frozen yogurt venture in terms of the relationship between net profit margins and asset turnovers depicted in Figure 2.10. 4. [ Returns on Assets] Jen and Larry's frozen yogurt venture described in Problem 3 required some investment in bricks and mortar. Initial specialty equipment and the renovation of an old warehouse building in lower downtown, referred to as LoDo, cost $450,000 at the beginning of 2019. At the same time, $50,000 was invested in inventories. In early 2020 , an additional $100,000 was spent on equipment to support the increased frozen yogurt sales in 2020. Use information from Problem 3 and this problem to solve the following: A. Calculate the ROA in both 2019 and 2020. B. Calculate the asset intensity or asset turnover ratios for 2019 and 2020. C. Apply the ROA model to Jen and Larry's frozen yogurt venture. D. Briefly describe what has occurred between the two years. E. Show how you would position Jen and Larry's frozen yogurt venture in terms of the relationship between net profit margins and asset turnovers depicted in Figure 2.10