gopu.9 J-Mark Superstores provides the following selected financial data.O Cash and cash equivalentsShort-term investmentsAccounts receivableInventoryProperty, plant and equipmentLong-term investmentsTotal assetTotal liabilitiesTotal stockholders' equityNet salesOperating incomeInterest expenseInvestment incomeReturn on investments ratio2024$ 852,54045,0501,120,5452,812,0204, 212,68696,555Calculate the return on investments ratio for 2024.Note: Round your answer to 1 decimal place.%9,139,3964,204,1224,935,27415,579,8655,452,953157,6555,9472023$750,23539,1941,030,9012,615,1793,749,29182,0728,266,8713,968,0984,298,77313,710,2814,661,496148,8044,851

Net income (2024) = operating income - interest expense + investment incomeoperating income =…

Answered: Calculate the return on investments…

Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. Return on investments ratio %

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 16MCQ

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Question

gopu.9

J-Mark Superstores provides the following selected financial data.
O Cash and cash equivalents
Short-term investments
Accounts receivable
Inventory
Property, plant and equipment
Long-term investments
Total asset
Total liabilities
Total stockholders' equity
Net sales
Operating income
Interest expense
Investment income
Return on investments ratio
2024
$ 852,540
45,050
1,120,545
2,812,020
4, 212,686
96,555
Calculate the return on investments ratio for 2024.
Note: Round your answer to 1 decimal place.
%
9,139,396
4,204,122
4,935,274
15,579,865
5,452,953
157,655
5,947
2023
$750,235
39,194
1,030,901
2,615,179
3,749,291
82,072
8,266,871
3,968,098
4,298,773
13,710,281
4,661,496
148,804
4,851

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