Question 3 (20 marks) - Reporting for control HARD MIKE Company has the following information for its 2020 fiscal period: Sales $3,800,000 Operating Income $585,000 Shareholders' Equity $1,500,000 Average Operating Assets $1,650,000 I I Minimum Required Rate of Return 22% Required: a. What is HARD MIKE's return on investment (ROI)? Briefly explain your findings. (5 marks) a. What is HARD MIKE's return on investment (ROI)? Briefly explain your findings. (5 marks) b. What factors can influence ROI to decrease? Provide at least three reasonable factors for the full mark. Why is this ratio used by many firms? (5 marks) C. What are responsibility centres and how many are there? For each centre provide an example. (10 marks) On P X o W ca