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DEFT Records and Q Records provide the following selected financial data. DEFT Records Q Records 2024 2023 2024 2023 Cash and cash equivalents $150,250 $132,220
DEFT Records and Q Records provide the following selected financial data.
DEFT Records | Q Records | |||
---|---|---|---|---|
2024 | 2023 | 2024 | 2023 | |
Cash and cash equivalents | $150,250 | $132,220 | $486,810 | $428,393 |
Short-term investments | 85,540 | 74,420 | 132,587 | 115,351 |
Accounts receivable | 750,890 | 690,819 | 1,178,897 | 1,084,586 |
Inventory | 650,425 | 604,895 | 1,040,680 | 967,832 |
Property, plant and equipment | 2,156,850 | 1,919,597 | 3,558,803 | 3,167,334 |
Long-term investments | 110,540 | 93,959 | 182,391 | 155,032 |
Total asset | 3,904,495 | 3,515,909 | 6,580,168 | 5,918,528 |
Total liabilities | 1,249,438 | 1,160,250 | 2,500,464 | 2,249,041 |
Total stockholders equity | 2,655,057 | 2,355,659 | 4,079,704 | 3,669,487 |
Net sales | $6,549,875 | $5,763,890 | $9,824,813 | $8,645,835 |
Operating income | 2,095,960 | 1,815,625 | 3,536,933 | 3,026,042 |
Interest expense | 56,225 | 53,952 | 97,518 | 97,833 |
Investment income | 5,686 | 5,388 | 13,229 | 10,815 |
Required:
- Calculate the return on investments ratio for DEFT Records in 2024.
Note: Round your final answer to 1 decimal place.
- Calculate the return on investments ratio for Q Records in 2024.
Note: Round your final answer to 1 decimal place.
Which companys investments delivered a more favorable return in 2024?
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