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[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 $ 870,000
Net operating income $ 27,840
Average operating assets $ 100,000

7.

value: 12.50 points

Required information

Required:

1. Compute the Springfield clubs return on investment (ROI). (Round your answers to 2 decimal places.)

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