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Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs that evaluates its club managers
Required information [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs that evaluates its club managers based 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 the club manager can reduce expenses by $3,160 without any change in sales or average operating assets. What would b he club's return on investment (ROI)? Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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