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Sales $ 770,000 Net operating income $ 16,940 Average operating assets $ 100,000 1. Compute the Springfield club's return on investment (RO). (Round your Turnover
Sales | $ | 770,000 |
Net operating income | $ | 16,940 |
Average operating assets | $ | 100,000 |
1. Compute the Springfield club's return on investment (RO). (Round your Turnover answer to 2 decimal places. Round your Margin and ROl percentage answers to 2 decimal places i.e., 0.1234 should be entered as 12.34).) Margin Turnover References e Book & Resources Worksheet Difficulty: 2 Medium Learning Objective: 09-01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect RO eck my work value: Required Informat 2.00 points 2. Assume that the manager of the club is able to increase sales by $77,000 and that as a result, net operating income increases by $5,929. Further assume that this is possible without any increase in operating assets. What would be the club's return on investment (ROI)? (Round your Turnover answen to 2 decimal places. Round your Margin and ROl percentage answers to 2 decimal places (i.e 0.1234 should be entered as 12.34).) Margin Turnover
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