Exercise 9-11 Effects of Changes in Profits and Assets on Return on Investment (R The tolowing information appliles to the questions displayed below Fitness Fanatics is a reglonal chain of health clubs. The managers of the clubs, who have authority to make Investments as needed, are evaluated based largely on retum on Investment (RO The companys Springheid Club repoted the folowing resuits for the past year Sales Net operating Income Average operating assets 5 840,000 S 24,360 S 100,000 Section Break Exercise 9-11 Effects of Changes In Pronts and Assets on Return on Investment (Ro LO9-1 700 points Exercise 9-11 Part 1 Required 1. Compute the Springfield club's return on investment (ROI). (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (ie.. 0.1234 should be entered as 12.34).) Margin Turnover ROI Exercise 9-11 Part 2 2. Assume that the manager of the club is abla to increase sales by $84,000 and that, as a result, net operating assets. What would be the club's return on investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROl pcentage answers to 2 decimal places (ie. 0.1234 should be entered as 12.34).) Margin Turnover ROI Exercise 9-11 Part 3 3. Assume that the manager of the club is able to reduce expenses by $3,360 without any change in sales or operating assets. What would be the club's return on investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROl percentage answers to 2 decimal places i.e., 0.1234 should be entered as 12.34).) Margin Turnover 1401 Exercise 9-11 Part 4 4. Assume that the manager of the club is able to reduce operating assets by $20,000 without any change Turnover answer to 2 decimal places. Round your Margin and ROl percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.341) Margin Turnover 14C