The following summary financial statement information is provided for Herriot Industries: Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant, and equipment Long-term investments Total assets Net income Interest expense Investment income 2024 2023 $ 187,820 $ 242,420 30,760 22,490 760,700 828,750 415, 100 495,400 931,650 875,690 101,850 75,390 2,427,880 2,540,140 $335,550 $ 218,750 30,875 6,790 Calculate the return on investments ratio for 2024. 43,400 10,470

The following summary financial statement information is provided for Herriot Industries: Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant, and equipment Long-term investments Total assets Net income Interest expense Investment income 2024 2023 $ 187,820 $ 242,420 30,760 22,490 760,700 828,750 415, 100 495,400 931,650 875,690 101,850 75,390 2,427,880 2,540,140 $335,550 $ 218,750 30,875 6,790 Calculate the return on investments ratio for 2024. 43,400 10,470

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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Subject: acounting
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