The income statement for Huerra Company for last year is provided below Total Unit Sales Less: Variable expenses $25,600,000 $256.00 20,480,000 204.80 Contribution margin Less: Fixed expense 5,120,000 2,560,000 51.20 25.60 Net operating income Less. Income taxes @ 30% 2,560,000 768,000 25.60 7.68 Net income $1,792,000 $ 17.92 The company had average operating assets of $16,000,000 during the year Required 1. Compute the company's ROI for the period using the ROI formula stated in terms of margin and turnover. (Round intermediate calculation to 2 decimal places. Enter your percentage answer rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) ROI 2. Consider each of the following questions separately and then compute the new ROl figure. Indicate whether the ROl will increase, decrease, or remain unchanged as a result of the events described. a. By using JIT, the company is able to reduce the average level of inventory by $200,000. (The released funds are used to pay off short-term creditors.) (Round intermediate calculation to 2 decimal places Enter your percentage answer rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) ROI b. The company achieves a savings of $13 per unit by using cheaper materials. (Round intermediate and final answer to 2 decimal places.) ROI