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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
Transcribed Image Text: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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