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 6,000,000 3,300,000 2,400,000 3,000,000 denotes the British pound sterling, the national monetary unit of the United Kingdom. Although the euro is used in most European markets, the U.K. continues to use pounds sterling for its national currency. 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 15 percent? 3- Assuming that the expenses and cost of goods sold are reduced in order to improve a. the firm's ROI to 15 percent, compute the firm's new sales margin. (Round your "Percentage" answer to 1 decimal place. (i.e., .1234 should be entered as 12.3)) New sales margin % 3- Show how the new sales margin and the old capital turnover together result in a new b. ROI of 15 percent. New ROI = % X = 15 %