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

[The following information applies to the questions displayed below. Fitness Fanatics...

70.2K

Verified Solution

Question

Accounting

image
[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 $920,000 $ 34,040 $ 100,000 3. Assume that the manager of the club is able to reduce expenses by $3,680 without any change in sales or operating assets. 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 (.e., 0.1234 should be entered as 12.34).) % Margin Turnover ROI %

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

Q

#1 Assume that a new interpretation of the frustration aggression hypothesis says that it is not...

Basic Math
Q

Two thin square flat sheets are placed parallel to each other. The distance between the sheets...

Physics
Q

Eliot uses the image of "prepare a face to meet the faces that you meet"...

Biology
Q

A thin circular ring of area A is held perpendicular to a uniform magnetic field...

Physics
Q

The efficiency of the reversible heat engine is 11 and that of irreversible heat engine...

Physics
Q

1 point Suppose you are given a rectangular piece of cardboard having length 6x 2...

Basic Math
Q

You want to buy a $202,000 home. You plan to pay 15% as a down...

Basic Math
Q

Which of the following situations results in deferred revenue? Received an order from a...

Accounting
Q

Matheson Electronics has just developed a new electronic device that it believes will have broad...

Accounting
Q

Help Sa TF Qu. 2 Standard material costs, standard labor... Standard material costs, standard labor...

Accounting
Q

Test your knowledge of various types of finance. Match the terms on the left with...

Finance
Q

A tenant has an option to purchase leased property. the price that the tenant will...

Finance