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Problem 12-14 Accounting measures of performance The following tables provide book information on the Nodhead project. Year 1 2 3 4 5 6 Book income
Problem 12-14 Accounting measures of performance The following tables provide book information on the Nodhead project. Year 1 2 3 4 5 6 Book income for store 1 2 3 -65.20 34.80 -71.72 84.80 38.28 -78.89 132.80 93.28 42.11 -86.78 132.80 146.08 102.61 46.32 -95.46 1 5 6 132.80 146.08 160.69 112.87 50.95 -105.01 498.38 Total book income -65.20 -36.92 44.19 181.41 332.35 Book value for store 1,004.01 836.68 1,104.41 669.34 920.34 1,214.85 502.00 736.27 1,012.38 1.336.34 334.66 552.19 809.90 1,113.61 1,469.97 4 5 6 167.32 368.12 607.41 890.88 1,224.98 1.616.97 4,875.68 Total book value 1,004.01 1,941.09 2, 804.53 3,586.99 4,280.33 Assume a steady-state growth rate of 10% per year. Calculate the book ROI. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 3 decimal places.) Answer is complete but not entirely correct. Year 1 2 3 4 5 6 Book ROI (6.494) X (1.902) 1.576 X 5.057 X 7.765 10.222 X
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