Question 3 (15 marks) - Reporting for control HARD MIKE Company has the following information for its 2020 fiscal period: Sales $3,800,000 I Operating Income $585,000 Shareholders' Equity $1,500,000 Average Operating Assets $1,650,000 Minimum Required Rate of Retum 22% Required: A. What Is HARD MIKE's retum on investment (ROI)? Briefly explain your findings. (5 marks) B. What factors can influence Roi to decrease? Provide at least three reasonable factors for the full mark. Why is this ratio used by many firms? (5 marks) C. How increasing operating expenses with no change in sales or operating assets would impact ROI? Briefly explain by providing an example