World of 1 Dollar Ltd. owns and manages three convenience stores. The following information has been collected

Question:

World of 1 Dollar Ltd. owns and manages three convenience stores. The following information has been collected for the year 2013:

REQUIRED
1. Compute the ROI for each store, where investment is measured at
(a) Historical cost and
(b) Current cost.
2. How would you judge the performance of each store?

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Related Book For book-img-for-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133392883

6th Canadian edition

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

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Question Posted: Jul 31, 2015 08:55 AM

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World of 1 Dollar Ltd. owns and manages three convenience stores. The following information has been collected

Question:

Jane and Major Mackenzie Weston and Langstaff Rutherford 28,000 50,000 120,000 and Keele 33,000 100,000 135,000 Operating income 15,000 Historical cost of investment Current cost of investment 30,000 80,000 Age of store

Step by Step Answer:

1 Jane and Rutherford Major Mackenzie and Keele Weston and Langstaff ROI Operating Income Historical cost of investment 28000 50000 56 33000 100000 33 ...View the full answer

Cost Accounting A Managerial Emphasis

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