Hh.114. !Required information[The following information applies to the questions displayed below.)Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments asneeded, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the followingresults for the past year:Sales$ 820,000Net operating income$ 22,140Average operating assets$ 100,000The following questions are to be considered independently.4. Assume that the manager of the club is able to reduce average operating assets by $50,000 without any change in sales or netoperating income. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answerto 2 decimal places.)Return on investment (ROI)

Introduction: Return on investment is the formula used for calculation of percentage of return…

Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: Sales Net operating income Average operating assets The following questions are to be considered independently. $ 820,000 $ 22,140 $ 100,000 4. Assume that the manager of the club is able to reduce average operating assets by $50,000 without any change in sales or net operating income. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI)

Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: Sales Net operating income Average operating assets The following questions are to be considered independently. $ 820,000 $ 22,140 $ 100,000 4. Assume that the manager of the club is able to reduce average operating assets by $50,000 without any change in sales or net operating income. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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