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Required Information Part 1 of 4 Exercise 11-12 (Algo) Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1] [The following Information

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Required Information Part 1 of 4 Exercise 11-12 (Algo) Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO11-1] [The following Information applies to the questions displayed below] 1.7 Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make Investments as points needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: 02:21:13 Sales $ 860,006 Net operating income $ 26, 660 Average operating assets $ 100, 060 Book The following questions are to be considered Independently. Print Exercise 11-12 Part 1 (Algo) References Required: 1. Compute the Springfield club's return on Investment (ROI). (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROD)

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