Exercise 11-12 (Algo) Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1] Skip to question [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs that evaluates its club managers based on return on investment (ROI). The company's Springfield Club reported the following results for the past year: Sales $ 930,000 Net operating income $ 35,340 Average operating assets $ 100,000 The following questions are to be considered independently. Exercise 11-12 Part 3 (Algo) 3. Assume the club manager can reduce expenses by $3,720 without any change in sales or average operating assets. What would be the clubs return on investment (ROI)? Note: Do not round intermediate