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Consider the following information for Page and Son: 12/31/2017 12/31/2018 Total assets $54,126,000 $62,988,000 Noninterest-bearing current liabilities 1,005,900 1,351,900 Net income 3,345,600 3,472,100 Interest expense
Consider the following information for Page and Son: 12/31/2017 12/31/2018 Total assets $54,126,000 $62,988,000 Noninterest-bearing current liabilities 1,005,900 1,351,900 Net income 3,345,600 3,472,100 Interest expense 716,100 766,970 Tax rate 30% 30% Evaluate the company in terms of ROI. (Round ROI to 2 decimal places, e.g. 15.32%.) 2017 2018 ROI % % LINK TO TEXT While income has increased in fiscal 2018, is it clear that the companys performance has improved? It is that the companys performance has improved.
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