Answered: Calculate the return on investments…

Business

Finance

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

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

J-Mark Superstores provides the following selected financial data.
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
Calculate the return on investments ratio for 2024.
Note: Round your answer to 1 decimal place.
2024
$ 852,540
45,050
1,120,545
2,812,020
4,212,686
96,555
9,139,396
4,204,122
4,935,274
15,579,865
5,452,953
157, 655
5,947
X Answer is complete but not entirely correct.
Return on investments ratio
4.2 X %
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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