Question
Consider the following information for Handley Stores for 2020 and 2021: 2020 2021 Total assets $72,590,000 $68,832,000 Noninterest-bearing current liabilities 5,368,000 6,039,000 Net income 4,453,000
Consider the following information for Handley Stores for 2020 and 2021:
2020 | 2021 | |||
---|---|---|---|---|
Total assets | $72,590,000 | $68,832,000 | ||
Noninterest-bearing current liabilities | 5,368,000 | 6,039,000 | ||
Net income | 4,453,000 | 6,039,000 | ||
Interest expense | 2,944,000 | 3,640,000 | ||
Sales | 55,572,000 | 117,425,000 | ||
Tax rate | 35% | 35% |
Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.)
2020 | 2021 | |||
---|---|---|---|---|
ROI | enter ROI in percentages rounded to 2 decimal places % | enter ROI in percentages rounded to 2 decimal places % |
eTextbook and Media
Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, e.g. 15.3215.)
2020 | 2021 | |||
---|---|---|---|---|
Profit margin | enter Profit margin rounded to 4 decimal places | enter Profit margin rounded to 4 decimal places | ||
Investment turnover | enter Investment turnover rounded to 4 decimal places | enter Investment turnover rounded to 4 decimal places |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started