Mangerial accounting

E13.23Improving ROI: Manufacturer The following data relate to Metalla Manufacturing Comoanv for the past year: Required: 1. Calculate the company's RETURN ON SALES, INVESTMENT TURNOVER and ROI for the past year. 2. If the sales and average invested capital remained the same in the current year, to what level would total expenses have to be reduced in order to increase the firm's ROI to 15 per cent? 3. Assume that expenses are reduced, as calculated in requirement 2 , Calculate the company's return on sales. Show how the new return on sales and the old investment turnover together would result in a ROI of 15 per cent for the current year. 4. Alternatively, assume that the market was very quiet and sales and costs could not be altered. What amount of reduction and what ultimately, what level of invested capital would be required to achieve the 15% ROI target