E22-17 The South Division of Wiig Company reported the following data for the currenCommu ROI for current year year and for possible future changes. (LO 4), AP Sales Variable costs Controllable fixed costs Average operating assets $3,000,000 1,950,000 600,000 5,000,000 Budgetary Control ana kesporit Top management is unhappy with the investment center's return on investment asks the manager of the South Division to submit plans to improve ROI in the The manager believes it is feasible to consider the following independent cou ment (Ron, rses of I. Increase sales by $300,000 with no change in the contribution margin 2. Reduce variable costs by $150,000. 3. Reduce average operating assets by 4%. Instructions (a) Compute the retarn on investment (ROI) for the current year (b) Using the ROI formula, compute the ROI under each of the proposed coursesd action. (Round to one decimal.)