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Laura Concord is an upscale retailer for women's clothing with stores in many high-end shopping centers across the United States. In recent years, sales in
Laura Concord is an upscale retailer for women's clothing with stores in many high-end shopping centers across the United States. In recent years, sales in most of the stores, especially the company's flagship store in the midtown of Manhattan, have been declining since Laura Concord is increasingly soling its clothing through its website. Not willing to give up on its flagship store, senior management at headquarters hired Shelby Mabley 2 years ago to turn around the New York City store. The company is currently evaluating all its division managers using return on investment. The flagship store's financial performance in 2019 and 2020 was as follows (in thousands) Data table - Operating Income Revenues Total Assets 2019 2020 2019 2020 2019 2020 $(4.000) 5 (1.500) $ 45,000 $ 49,000 $ 63,000 $ 66,000 vided in the question Enter the ROI as a percentage rounded to or parentheses) Print Requirements Done 1. Calculate the flagship store's ROI for 2020 2. The company has a corporate-wide policy of not paying out a bonus when a division's ROI is negative. Do you think that the company is making a mistake by not paying Shelby Mably a bonus for 2020? How could the company change its bonus program so that Shelby Mobily could receive a bonus for 2020? Help me solve this Etext pages Print Get more hell Done
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