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Calculate the return on investments ratio for 2024.

Calculate the return on investments ratio for 2024.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 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 Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. Return on investments ratio % 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. 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 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 Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. Return on investments ratio % 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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