You are the food safety regulatory affairs manager of a big supermarket chain in a small country.

The population of the country is about 10 million. Your company enjoys about 35% of the total food sales in the country.

A consumer group has tested some brands of honey bought from your supermarket chain, and one of the brands was found to contain unacceptable levels of oxytetracycline (an antibiotic). Your country does not have legislative requirements / standards for this antibiotic in honey, but the consumer group says that the levels exceeded the European Commission (EC) standard.

The Chief Executive Officer of your company has asked you to prepare a press release to communicate the risk associated with the product to be published in tomorrow's newspapers. You have to do it as soon as possible to discuss it with company board members this afternoon.

Compose the press release to be discussed with the company board members before sending it for publication.

Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: Sales Net operating income Average operating assets $ 820,000 $ 22,140 $ 100,000 The following questions are to be considered independently. 3. Assume that the manager of the club is able to reduce expenses by $3,280 without any change in sales or average operating assets. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) % Help