Required information. (The following information applies to the questions displayed below.) Fitness Fanatics is a regional chain of health clubs that evaluates its club managers based 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. $ 920,000 $ 34,040 $ 100,000 3. Assume the club manager can reduce expenses by $3,680 without any change in sales or average operating assets. What would be the club's return on investment (ROI)? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Retum on investment (ROI)

Required information. (The following information applies to the questions displayed below.) Fitness Fanatics is a regional chain of health clubs that evaluates its club managers based 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. $ 920,000 $ 34,040 $ 100,000 3. Assume the club manager can reduce expenses by $3,680 without any change in sales or average operating assets. What would be the club's return on investment (ROI)? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Retum 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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