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seems to the best canddeiat. To std in his decsoiin Nlchlson has Mollece teh following information Original Store (prior year actual) New Store (forecast) DI
seems to the best canddeiat. To std in his decsoiin Nlchlson has Mollece teh following information Original Store (prior year actual) New Store (forecast) DI less depreciation $5.0m $145.00Cl Net book value of GAS $195300 $475900 Required: 1. Calculate ROI and RI for both the original store and the new store. 2. Take on the role of an internal auditor at CFM. Assume that your task is to evaluate the effectiveness of the performance evaluation system for CFM district managers. In this capacity, write a short memo to the CFO of Convenience Food Markets to discuss your findings. In the memo, you should indicate whether you believe Nicholson will want to open the new store, whether your analysis indicates that Nicholson should open the new store. and discuss why or why not. You should also include your observations about the effect of the performance evaluation system on the decisions made by CFM district managers and what might be done to improve it
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