! Required information [The following information applies to the questions displayed below.] The following data pertain to British Isles Aggregates Company, a producer of sand, gravel, and cement, for the year just ended. Sales revenue Cost of goods sold Operating expenses Average invested capital 7,000,000 2,660,000 3,920,000 1,400,000 denotes the British pound sterling, the national monetary unit of Great Britain. Required: Compute the company's sales margin, capital turnover, and ROI. % Sales margin Capital turnover ROI % 2. If the sales and average invested capital remain the same during the next year, to what level would total expenses have to be reduced in order to improve the firm's ROI to 35 percent? Total expenses must be reduced to 3-a. Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 35 percent, compute the firm's new sales margin. 3-b. Show how the new sales margin and the old capital turnover together result in a new ROI of 35 percent. Complete this question by entering your answers in the tabs below. Req 3A Req 3B Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 35 percent, compute the firm's new sales margin. (Round your answers to 2 decimal places (i.e., .1234 should be entered as 12.34).) New sales margin % 3-a. Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 35 percent, compute the firm's new sales margin. 3-b. Show how the new sales margin and the old capital turnover together result in a new ROI of 35 percent. Complete this question by entering your answers in the tabs below. Req Req 3B Show how the new sales margin and the old capital turnover together result in a new ROI of 35 percent. (Enter "new sales margin" as a percentage rounded to 2 decimal places (i.e., .1234 should be entered as 12.34) and "old capital turnover" to two decimal places.) New ROI = % x = 35 %