Calculate ROI for the current The binding division of Canada Boardz Corp. reported the following data for the current year: E22-13 year and for possible future changes. (LO 5) AP Sales Variable costs Controllable fixed costs $4,000,000 2,400,000 900,000 6,150,000 Average operating assets Top management is unhappy with the investment centre's return on investment. It asks the manager of the binding division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the follow ing independent 1. Increase sales by $360,000 with no 2. Reduce variable costs by $120,000. 3. Reduce average operating assets by 5 %. courses of action: change in the contribution margin percentage. Instructions (a) Calculate the return on investment for the current year. Using the ROI formula, calculate the ROI under each of the proposed courses of action. (Round to one decimal.) (b)