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Problem 12-6 (Part Level Submission) Consider the following information for Vermillion Stores for 2017 and 2018: 2017 2018 $59,315,000 $54,072,780 Noninterest-bearing current liabilities 4,373,700 5,167,700
Problem 12-6 (Part Level Submission) Consider the following information for Vermillion Stores for 2017 and 2018: 2017 2018 $59,315,000 $54,072,780 Noninterest-bearing current liabilities 4,373,700 5,167,700 3,620,8005,085,600 2,442,300 2,925,450 66,000,000 96,250,000 40% Total assets Net income Interest expense Sales Tax rate 40% (a) Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 2017 2018 ROI LINK TO TEXT
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