Carver Company's Balance Sheet and Income Statement Are Provided Below

Carver Company's balance sheet and income statement are provided below: $\begin{array}{c}\hline \text {Carver Company}\\\hline \text {Balance Sheet}\\\hline \text {December 31,2014}\\\begin{array}{|l|l|} \hline \text { Assets } & \\\hline \text { Cash } & \$ 40,000 \\\hline \text { Accounts receivable } & 52,000 \\\hline \text { Inventory } & 80,000\\\hline \text { Plant and equipment, net of depreciation } &280,000 \\\hline \text { Land held for future plant expansion } & \underline { 76,000 } \\\hline \text { Total assets } & \$ \underline { 528,000 } \\\hline & \\\hline \text { Liabilities and Stockholders' Equity } & \\\hline \text { Accounts payable } & \$ 45,000\\\hline \text { Notes payable } & 58,000\\\hline \text { Capital stock, no par } & 240,000\\\hline \text { Retained earuings } & \underline { 185,000 } \\\hline \text { Total habilities and stockholders' equity } & \$ \underline {528,000 }\\\hline\end{array}\end{array}$ Change date to Year 1 or current year from 2014 in both statements.
CHANGE NEEDS TO BE MADE TO TABLE
Delete the ",2014" form the heading $\begin{array}{c}\hline {\text { Carver Company }} \\\hline {\text { Income Statement }} \\\hline {\text { For the Year Ended December } 31,2014} \\\begin{array}{|l|lr|} \hline \text { Sales } & \$ & 330,000 \\\hline \text { Less variable costs: } & & \\\hline \text { Manufacturing } & & 68,000 \\\hline \text { Selling and administrative } & \$ & 48,000 \\\hline \text { Contribution margin } & & 214,000 \\\hline \text { Less fixed costs: } & & \\\hline {\text { Manufacturing }} & & 68,000 \\\hline \text { Selling and administrative } && 56,000 \\\hline \text { Net income } & \$&90,000 \\\hline\end{array}\end{array}$ Required:
1)Compute the margin,turnover,and return on investment for Carver Company.
2)What is the advantage of expanding the ROI formula to measure margin and turnover separately?
CHANGE NEEDS TO BE MADE TO TABLE
Delete the ",2014" form the heading