Question: please solve it asap with calculations. i need it within an hour. thank you Neil's Halls operates two bingo hall, one in Clarkson and one
please solve it asap with calculations.Neil's Halls operates two bingo hall, one in Clarkson and one in Caledon. Selected data on the two locations follow: Sales Net operating income Average operating assets Clarkson Caledon $450,000 $1,000,000 $30,000 $90,000 $150,000 $500,000 8 Required: 10 1. Compute the margin, turnover and return on investment (ROI) for each location. (3 marks) 2 Clarkson Caledon Margin Turnover Return on investment 2. Assume that the minimum required return is 17%. Calculate the residual income for each location. (4 marks) Clarkson Caledon Residual income ROIRT V3 New 3. Neil's Halls is planning on opening a second location in Clarkson. Selected data for the new location follows: Projected sales Variable expenses Fixed expenses Operating assets $425,000 BO $61,000 $150,000 The manager of the Clarkson location has been asked to operate this location. If the manager is evaluated using ROI, will he agree to operate this location? Why or why not? Show all supporting calculations (7 marks) Decision Reason ROIRI V3 New
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