Shari's Tennis Club had net sales of $186,400 and the cost of goods sold were $88,760. Operating expenses were $35,100 and owner's equity is $553,400. Calculate the return on investment. (Round to the nearest tenth)

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The return on investment (ROI) is calculated by dividing the net income by the owner's equity and then multiplying by 100 to get a percentage. First, calculate the net income: Net Sales - Cost of Goods Sold - Operating Expenses = $186,400 - $88,760 - $35,100 = $62,540. Then, calculate ROI: ($62,540 / $553,400) * 100 = 11.3%.

Shari's Tennis Club Had Net Sales of $186,400 and the Cost