Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year
Question:
Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year 2015:
Required
1. Compute the ROI for each store, where investment is measured at (a) historical cost and (b) current cost.
2. How would you judge the performance of each store?
Transcribed Image Text:
Jane andMajor Mackenzie Operating income Historical cost of investment Current cost of investment Age of store Rutherford S 28,000 S 50,000 $120,000 and Keele S 33,000 $100,000 $135,000 Weston and Langstaff S15,000 $30,000 S80,000
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1 Jane and Rutherford Major Mackenzie and Keele Weston and Langstaff ROI Operating Income Historical cost of investment 28000 50000 56 33000 100000 33 ...View the full answer
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133138443
7th Canadian Edition
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
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