Business, 13.07.2021 16:10 TrueKing184
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 $780,000
Net operating income $17,940
Average operating assets $100,000
The following questions are to be considered independently.
Required:
Compute the Springfield club's return on investment (ROI).
Answers: 2
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Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority...
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