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

See similar textbooks

Similar questions

Explain what is included in Form 10-Q and why is it needed.
58. What role do safety audits play in ensuring compliance with safety regulations?
What Is Section 1031? A brief explanation on this?
Other than 1040, what other forms need to be completed?
What information is included in Form 10-K?
er 31, 2020 al analysis encil only, ennies blank aper properly. lines as
Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?
What is covered by Regulation S–K?
That is not a possible solution. The possible anwsers are --> a. 122329.9877 b. 127159.8450 c. 122132.1253 d. 126907.4914 Please explain
b. 15800 is not correct - what is the correct answer?