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 Net operating income Average operating assets $ 860,000 $ 26,660 $ 100,000 The following questions are to be considered independently. Required: 1. Compute the Springfield club's return on investment (ROI). (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) %
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 Net operating income Average operating assets $ 860,000 $ 26,660 $ 100,000 The following questions are to be considered independently. Required: 1. Compute the Springfield club's return on investment (ROI). (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) %
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 5PA: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an...
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Subject: acounting
![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
Net operating income
Average operating assets
$ 860,000
$ 26,660
$ 100,000
The following questions are to be considered independently.
Required:
1. Compute the Springfield club's return on investment (ROI). (Do not round Intermediate calculations. Round your answer to 2
decimal places.)
Return on investment (ROI)
96](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2F28244dd0-012d-46d8-ac9e-b172b5decc1b%2Ff65k587_processed.png&w=3840&q=75)
Transcribed Image Text: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
Net operating income
Average operating assets
$ 860,000
$ 26,660
$ 100,000
The following questions are to be considered independently.
Required:
1. Compute the Springfield club's return on investment (ROI). (Do not round Intermediate calculations. Round your answer to 2
decimal places.)
Return on investment (ROI)
96
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