7 Excel Analytics 11-1 (Static) Return on Investment (ROI) [LO11-1] [The following information applies to the questions displayed below.] Edman Company is a merchandiser that has provided the following balance sheet and income statement for this year. Part 7 of 10 2.5 points Assets Cash eBook Accounts receivable Inventory Property, plant & equipment (net) Other assets Total assets Liabilities & Stockholders' Equity Print Accounts payable Bonds payable Common stock Retained earnings Total liabilities & stockholders' equity References Sales Variable expenses: Cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: Fixed selling expenses Fixed administrative expenses Total fixed expenses Net operating income Interest expense (8%) Net income before tax Tax expense (30%) Net income Beginning Balance Ending Balance $ 62,800 160,000 $ 150,000 180,000 230,000 240,000 833,000 793,000 37,000 37,000 $1,322,800 $1,400,000 $ 70,000 80,000 550,000 550,000 410,000 410,000 292,800 360,000 $1,322,800 $1,400,000 This Year $2,500,000 1,600,000 240,000 1,840,000 660,000 |TT | |l 220,000 300,000 520,000 140,000 44,000 96,000 28,800 67,200