3. Assume that the manager of the club is able to reduce expenses by $14,000 without any change in sales or average operating assets. What would be the club's return on investment (ROI)? Return on investment (ROI) %6 4. Assume that the manager of the club is able to reduce average operating assets by $70,000 without any change in sales or net operating income. What would be the club's return on investment (ROI)? Return on investment (ROI) 96

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