Springfield Club reported the following results for the past year: TAKE TWO operating assets 200,000 Required: Sales Net operating income Average operating assets $1,400,000 $70,000 $350,000 The following questions are to be considered independently. Carry out all computations to two decimal places. 1. Compute the Springfield club's return on investment (ROI). 2. Assume that the manager of the club is able to increase sales by $70,000 and that, as a result, net operating income increases by $18,200. Further assume that this is possible without any increase in operating assets. What would be the club's return on investment (ROI)? 3. Assume that the manager of the club is able to reduce expenses by $14,000 without any change in sales or operating assets. What would be the club's return on investment (ROI)? 4. Assume that the manager of the club is able to reduce operating assets by $70,000 without any change in sales or net operating income. What would be the club's return on investment (ROI)? Central-1-prod-fleet01-xythos.content.blackboardcdn.com