Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information skip to question [the follo

Required information Skip to question [The following information applies to the questions displayed...

60.1K

Verified Solution

Question

Accounting

Required information

Skip to 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 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 $ 820,000
Net operating income $ 22,140
Average operating assets $ 100,000

The following questions are to be considered independently.

4. Assume that the manager of the club is able to reduce average operating assets by $50,000 without any change in sales or net operating income. What would be the clubs return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Morgan referred to males as hemizygous because the carry the genes A autosomes C females...

Physics
1.2K views

5 A ray of light travelling in a transparent medium of refractive index falls on...

Physics
1.2K views

Q16 From NCERT The photon radiated from hydrogen corresponding to the second line of Lyman...

Geometry
1.2K views

Determine the length of the missing sides and angles of the triangle given 1 a...

Statistics
1.2K views

Explain the circumstances for which the interquartile range is the preferred measure of dispersion What...

Calculus
1.2K views

Write the equation x 2 2x 5 0 as a binomial squared

Calculus
1.2K views

he graph from the US Department of Energy shows how driving speed affects gas mileage...

Algebra
1.2K views

a Use the formula for compound interest to write a function for the balance in...

Accounting
1.2K views

On July 1, 2017, Alabama Company issued 10% bonds dated July 1, 2017, with a...

Accounting
1.2K views

Ng Corporation produces and sells only one product; its selling price is $80 and its...

Accounting
1.2K views

cooperation

Accounting
1.2K views

discuss why you think the business failed and what could have been done differently to...