Question
[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
| [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 | $ | 740,000 |
| Net operating income | $ | 14,060 |
| Average operating assets | $ | 100,000 |
|
What is Springfields Margin, Turnover, and ROI? | ||
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Principles Of Auditing
Authors: Vasuhi M
1st Edition
6206150747, 978-6206150749
