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[ The following information applies to the questions displayed below. ] Fitness Fanatics is a regional chain of health clubs that evaluates its club managers
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:
Sales $
Net operating income $
Average operating assets $
The following questions are to be considered independently.
Required:
Compute the Springfield clubs return on investment ROI
Note: Do not round intermediate calculations. Round your answer to decimal places.
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