The following financial information pertains to Smith Architects: Items Net income Beginning assets Ending assets Year 4 $ 229,000 758,000 958,000 Year 3 $ 209,000 694,000 774,000 Required: a. Calculate Smith Architects return on investment for Year 3 and Year 4. Note: Round percentages to 1 decimal place. b. Did the company perform better in Year 3 or Year 4?

The following financial information pertains to Smith Architects: Items Net income Beginning assets Ending assets Year 4 $ 229,000 758,000 958,000 Year 3 $ 209,000 694,000 774,000 Required: a. Calculate Smith Architects return on investment for Year 3 and Year 4. Note: Round percentages to 1 decimal place. b. Did the company perform better in Year 3 or Year 4?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9BE

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