Response to the following problem:
Comfortable Carpets manufactures and installs various types of carpets for its customers. Comfortable Carpets had sales of $1,200,000 for the year. The company also has net operating income of $300,000, and average operating assets of $1,500,000.
Required:
A. What is Comfortable Carpets' margin and turnover for the year? Do not round your intermediate calculations. Do not include a percent sign as part of your answer. Round margin to the nearest whole percent and turnover to one decimal place.
B. What is the ROI for the company?