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28 Sep 2019
[The following informationapplies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs. Themanagers 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 following results forthe past year:
Sales $ 740,000 Net operatingincome $ 14,060 Average operatingassets $ 100,000
2. Assume that the manager of the club is able to increase sales by$74,000 and that, as a result, net operating income increases by$5,476. Further assume that this is possible without any increasein operating assets. What would be the clubâs Margin, Turnover, andreturn on investment (ROI)? (Round your answers to 2decimal places.)
Margin
Turnover
ROI
[The following informationapplies to the questions displayed below.] |
Fitness Fanatics is a regional chain of health clubs. Themanagers 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 following results forthe past year: |
Sales | $ | 740,000 |
Net operatingincome | $ | 14,060 |
Average operatingassets | $ | 100,000 |
2. | Assume that the manager of the club is able to increase sales by$74,000 and that, as a result, net operating income increases by$5,476. Further assume that this is possible without any increasein operating assets. What would be the clubâs Margin, Turnover, andreturn on investment (ROI)? (Round your answers to 2decimal places.) Margin Turnover ROI |
Lelia LubowitzLv2
28 Sep 2019