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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 %

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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

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