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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
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.
Required:
Compute the Springfield clubs return on investment ROIDo not round intermediate calculations. Round your answer to decimal places.
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