Question: ! Required information Exercise 1 0 - 1 1 ( Algo ) Effects of Changes in Profits and Assets on Return on Investment ( ROI
Required information
Exercise Algo Effects of Changes in Profits and Assets on Return on Investment ROILO
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:
The following questions are to be considered independently.
Exercise Part Algo
Assume the club manager can reduce average operating assets by $ without any change in sales or net operating income. What would be the club's return on investment ROI
Note: Do not round intermediate calculations. Round your answer to mathbf decimal places.
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