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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 largely 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.

Assume that the manager of the club is able to increase sales by $$94,000$ and that, as a result, net operating income increases by

$$8,836.$ Further assume that this is possible without any increase in average operating assets. What would be the club's return on

investment $($ROI$)?($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$