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Required information i The following information appiies to the questions displayed beiowui Fitness Fanatics is a regional chain of health clubs' The managers of the
Required information i\" The following information appiies to the questions displayed beiowui 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 $ 1,400,000 Net operating income $ 70 , 00 0 Average operating assets $ 350 , 00 0 The following questions are to be considered independently. ; 4. Assume that the manager of the club is able to reduce average operating assets by $70,000 without any change in sales or net operating income. What would be the club's return on investment {ROI}? %
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