Leete Inc. reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income 14.000.000 9.660.000 4,340,000 3,620,000 720,000 The Company's average operating assets were $8,000,000. It's minimum required return was 8%. 1. What is the company's margin percentage? 2. What is the company's turnover? 3. What is the company's return on investment? 4. What is the company's residual income?

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A: b. 11.31%