Brief Exercise 9-4 (Algo) Calculating return on investment LO 9-4 The following financial information pertains to Smith Architects: Items Net income Beginning assets Ending assets Year 4 $ 228,000 756,000 956,000 a-1. Return on investment Year 3 a-2. Return on investment Year 4 b. The company performed better in Year 3 208,000 693,000 773,000 Required: a. Calculate Smith Architects return on investment for Year 3 and Year 4. Note: Round percentages to 1 decimal place. b. Did the company perform better in Year 3 or Year 4? % %

Brief Exercise 9-4 (Algo) Calculating return on investment LO 9-4 The following financial information pertains to Smith Architects: Required: a. Calculate Smith Architects return on investment for Year 3 and Year 4. Note: Round percentages to 1 decimal place. b. Did the company perform better in Year 3 or Year 4 ? Brief Exercise 9-4 (Algo) Calculating return on investment LO 9-4 The following financial information pertains to Smith Architects: Required: a. Calculate Smith Architects return on investment for Year 3 and Year 4. Note: Round percentages to 1 decimal place. b. Did the company perform better in Year 3 or Year 4