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Required information (The following information applies to the questions displayed below.)...

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Accounting

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Required information (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 $920,000 Net operating income $ 34,040 Average operating $ 100,000 assets 4. Assume that the manager of the club is able to reduce operating assets by $20,000 without any change in sales or net operating income. What would be the club's return on Investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) % Margin Turnover ROI % %

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