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Required information [The following information applies to the questions displayed below] Fitness Fanatics is a regional chain of health clubs. The managers of the clubs,
Required information [The following information applies to the questions displayed below] 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 890,000 $ Net operating income Average operating assets 30,260 100,000 The following questions are to be considered independently. Required: Compute the Springfield club's return on investment (ROI). (Do not round intermediate calculations. Round your answer to 2 Hecimal places.) Return on investment (ROI) %
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