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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,

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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, who have authority to make investments as needed, are evaluated based largely on return on investment ( RO1). The company's Springfield Club reported the following results for the past year: The following questions are to be considered independently. 3. Assume that the manager of the club is able to reduce expenses by $3,280 without ony change in sales or 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.)

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