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Problem 12-6 Consider the following information for Lawn Stores for 2017 and 2018: Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate
Problem 12-6 Consider the following information for Lawn Stores for 2017 and 2018: Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate 2017 $59,186,000 4,358,100 3,644,700 2,424,400 66,000,000 33% 2018 $61,665,590 5,419,900 5,388,200 2,700,500 96,250,000 33% Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 2017 2018 ROI LINK TO TEXT Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, e.g. 15.3215.) 2017 2018 Profit margin Investment turnover
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