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34kurt
3 years ago
8

Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as neede

d, 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 assets $ 100,000
Business
1 answer:
pantera1 [17]3 years ago
3 0

Answer:

34.04%

Explanation:

Data provided :

Total sales of the Springfield Club = $ 920,000

The net operating income of the company = $ 34,040

The average operating assets of the company = $ 100,000

now,

The return on investment will be calculated as:

Return on investment (ROI)= \frac{\textup{Net operating income}}{\textup{Average operating assets}}

on substituting the values, we get

ROI = \frac{\$\ 34,040}{\$\ 100,000}

or

ROI = 34.04%

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2 years ago
During 2020, LAL Corp. had the following cash flows: (1) received cash of $5,000 billed to a customer in 2020; (2) earned $20,00
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4 0
3 years ago
A sports team's owner is given a videotape of his star player physically striking his girlfriend in an elevator, causing her sev
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Answer:

The answer is: John Akers would have probably fired the player and made the video public.

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3 years ago
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<u>The answer is "b. sales analysis".</u>


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4 years ago
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