4- Chapter 11 Exerci: X b Success Confirmation of Ques X w chegg study - Yahoo Search R Xezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%252F%252Fblackboard.matc.edu%252Fwebapps%252Fblackboa....Chapter 11 Exercises and Problems i4Part 3 of 48.33pointseBookbPrintReferencesMcGrawHillesc!↑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 asneeded, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the followingresults for the past year:Sales$ 720,000Net operating income.$ 12,240Average operating assets$ 100,000The following questions are to be considered independently.Return on investment (ROI)3. Assume that the manager of the club is able to reduce expenses by $2,880 without any change in sales or average operatingassets. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2decimal places.)!Tii2#3с$4%Saved< Prev+%LO5S4 5Q Search Secure SearchMacBook Pro^of 6T6www***www&7YNext >☆*8U+(Help9Save & ExitCheck my work)0Submit04? X b Success Confirmation of Ques: X y chegg study - Yahoo Search R x +to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fockboard.matc.edu%252Fwebapps%252Fblackboa....ar 11 Exercis11 Exercises and Problems iS!Required information[The following information appliesFitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments asneeded, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the followingresults for the past year:Sales$ 720,000Net operating income$ 12,240Average operating assets$ 100,000The following questions are to be considered independently.tothe questions displayed below.]Return on investment (ROI)Saved2. Assume that the manager of the club is able to increase sales by $72,000 and that, as a result, net operating income increases by$5,184. Further assume that this is possible without any increase in average operating assets. What would be the club's return oninvestment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.)< Prev%S4 5 of 6MacBook ProA&7Next >*8(Help9)Save & Exit☆SubmitCheck my work

Return on Investment (ROI)=Net Operating IncomeAverage Operating Assets×100

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. The following questions are to be considered independently. $ 720,000 $ 12,240 $ 100,000 2. Assume that the manager of the club is able to increase sales by $72,000 and that, as a result, net operating income increases by $5,184. Further assume that this is possible without any increase in average operating assets. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) %