Consider the following information for HandyCraft Stores for 2011 and 2012. Required a. Compute ROI for both

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Consider the following information for HandyCraft Stores for 2011 and 2012.

Required
a. Compute ROI for both years.
b. Break ROI down into profit margin and investment turnover.
c. Comment on the change in financial performance between 2011 and2012.

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Managerial Accounting

ISBN: 978-0470578797

4th edition

Authors: James Jiambalvo

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Question Posted: Sep 23, 2013 07:23 AM

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Consider the following information for HandyCraft Stores for 2011 and 2012. Required a. Compute ROI for both

Question:

2011 2012 $45,000,000 $51300,000 Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate 4,000,000 3,500,000 2,200,000 60,000,000 40% 4,500,000 4,500,000 2,700,000 87,500,000 40%

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a 2011 2012 Net income 3500000 4500000 Plus interest 2200000 2700000 ...View the full answer

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