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

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter10: Measuring Exposure To Exchange Rate Fluctuations
Section: Chapter Questions
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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
828,750
495,400
875,690
75,390
760, 700
415, 100
931,650
101,850
2,427,880 2,540,140
$ 335,550 $ 218,750
43,400
30,875
10,470
6,790
Calculate the return on investments ratio for 2024.
Transcribed Image Text: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 22,490 828,750 495,400 875,690 75,390 760, 700 415, 100 931,650 101,850 2,427,880 2,540,140 $ 335,550 $ 218,750 43,400 30,875 10,470 6,790 Calculate the return on investments ratio for 2024.
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