Exercise 11-12 (Algo) Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1] [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: The following questions are to be considered independently. Exercise 11-12 Part 3 (Algo) Assume the club manager can reduce expenses by $3,040 without any change in sales or average operating assets. What would be he club's return on investment (ROI)? lote: Do not round intermediate calculations. Round your answer to 2 decimal places. Exercise 11-12 (Algo) Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1] [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: The following questions are to be considered independently. Exercise 11-12 Part 3 (Algo) Assume the club manager can reduce expenses by $3,040 without any change in sales or average operating assets. What would be he club's return on investment (ROI)? lote: Do not round intermediate calculations. Round your answer to 2 decimal places