FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Propiem 12-0
Consider the following information for HandyCraft Stores for 2014 and 2015:
Total assets
Noninterest-bearing current liabilities
Net income
Interest expense
Sales
Tax rate
ROI
Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%
LINK TO TEXT
2014
%
Profit margin
Investment turnover
2014
2015
$59,100,000 $56,500,000
4,410,000
4,970,000
3,630,000
4,910,000
2,420,000 2,950,000
66,000,000
96,250,000
40%
2014
40%
2015
Break ROI down into profit margin and investment turnover. (Round answers to
%
2015
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Transcribed Image Text:Propiem 12-0 Consider the following information for HandyCraft Stores for 2014 and 2015: Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate ROI Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32% LINK TO TEXT 2014 % Profit margin Investment turnover 2014 2015 $59,100,000 $56,500,000 4,410,000 4,970,000 3,630,000 4,910,000 2,420,000 2,950,000 66,000,000 96,250,000 40% 2014 40% 2015 Break ROI down into profit margin and investment turnover. (Round answers to % 2015
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