! Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a...
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! 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 $ 780,000 $ 17,940 $ 100,000 The following questions are to be considered independently. 2. Assume the club manager can increase sales by $78,000 and net operating income by $6,084. Further assume this is possible without any increase in 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. Return 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 $ 780,000 $ 17,940 $ 100,000 The following questions are to be considered independently. 2. Assume the club manager can increase sales by $78,000 and net operating income by $6,084. Further assume this is possible without any increase in 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. Return on investment (ROI) %
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