Problem 12-3

Evaluate the company in terms of ROI.

While income has increased in fiscal 2015, is it clear that the company's performance has improved?

Problem 12-3 Consider the following information for McKinley and Son, Inc. 12/31/2014 12/31/2015 Total assets $55,500,000 $62,300,000 Noninterest-bearing current liabilities 1,010,000 1,360,000 Net income 3,260,000 3,386,500 790,000 Interest expense 725,000 Tax rate 35% 35% Evaluate the company in terms of ROI. (Round ROr to 2 decimal places, e.g. 15.32%) 2014 2015 ROI LINK TO TEXT While income has increased in fiscal 2015, is it clear that the company's performance has improved? that the company's performance has improved. It is LINK TO TEXT