Consider the following information for Handley Stores for 2020 and 2021: Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate 2020 Profit margin 2020 $72,590,000 Investment turnover 5,368,000 2020 4,453,000 2,944,000 55,572,000 35% 2021 $68,832,000 6,039,000 6,039,000 Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 3,640,000 117,425,000 ROI enter ROI in percentages rounded to 2 decimal places % 35% eTextbook and Media Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, e.g. 15.3215.) 2021 enter Profit margin rounded to 4 decimal places enter ROI in percentages rounded to 2 decimal places % enter Investment turnover rounded to 4 decimal places 2021 enter Profit margin rounded to 4 decimal places enter Investment turnover rounded to 4 decimal places

Consider the following information for Handley Stores for 2020 and 2021: Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate 2020 Profit margin 2020 $72,590,000 Investment turnover 5,368,000 2020 4,453,000 2,944,000 55,572,000 35% 2021 $68,832,000 6,039,000 6,039,000 Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 3,640,000 117,425,000 ROI enter ROI in percentages rounded to 2 decimal places % 35% eTextbook and Media Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, e.g. 15.3215.) 2021 enter Profit margin rounded to 4 decimal places enter ROI in percentages rounded to 2 decimal places % enter Investment turnover rounded to 4 decimal places 2021 enter Profit margin rounded to 4 decimal places enter Investment turnover rounded to 4 decimal places

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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Question

Please do not give solution in image format thanku

Consider the following information for Handley Stores for 2020 and 2021:
Total assets
Noninterest-bearing current liabilities
Net income
Interest expense
Sales
Tax rate
2020
Profit
margin
2020
$72,590,000
Investment
turnover
5,368,000
2020
4,453,000
2,944,000
55,572,000
35%
2021
$68,832,000
6,039,000
6,039,000
Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.)
3,640,000
117,425,000
ROI enter ROI in percentages rounded to 2 decimal places %
35%
eTextbook and Media
Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, e.g. 15.3215.)
2021
enter Profit margin rounded to 4 decimal places
enter ROI in percentages rounded to 2 decimal places %
enter Investment turnover rounded to 4 decimal places
2021
enter Profit margin rounded to 4 decimal places
enter Investment turnover rounded to 4 decimal places

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