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Below is the financial data for Goedl and Strickland Inc for the most recent fiscal year. The company paid dividends of $197250 last year. The
Below is the financial data for Goedl and Strickland Inc for the most recent fiscal year. The company paid dividends of $197250 last year. The company's minimum required rate of return is 15%. Balance sheet reports; cash- beginning balance 134000, ending balance 139000; accounts receivable - beginning balance 349000 ending balance 473000; inventory - beginning balance 561000 ending balance 479000; plant and equipment, net - beginning balance 866000 ending balance 859000; total assets - beginning balance 1910000 ending balance 1950000; accounts payable - beginning balance 370000 ending balance 338000; long term debt - beginning balance 576000 ending balance 545000; stockholder's equity - beginning balance 964000 ending balance 1067000; total liabilities and stockholder's equity - beginning balance 1910000 ending balance 1950000. Sales 4825000, operating expenses 4197750, net operating income 627250. Calculate the ROI ratio
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