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The South Division of Wiig Company reported the following data for the current year Sales...

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The South Division of Wiig Company reported the following data for the current year Sales Variable costs Controllable fixed costs Average operating assets Top management is unhappy with the investment center s return on investment ROI It asks the manager of the South Division to submit plans to improve ROI in the next year The manager believes it is feasible to consider the following independent courses of action 1 2 3 Increase sales by 300 000 with no change in the contribution margin percentage Reduce variable costs by 155 000 Reduce average operating assets by 496 3 050 000 2 013 000 600 000 5 000 000 a Compute the return on investment ROI for the current year Round ROI to 2 decimal places e g 1 57 Return on Investment Action 1 b Using the ROI formula compute the ROI under each of the proposed courses of action Round ROI to 2 decimal places eg 1 57 Action 2 Return on investment R 96 96 96

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