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Problem 12-6 Return on Investment, Profit Margin, and Investment

Problem 12-6 Return on Investment, Profit Margin, and Investment
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ACCOUNTING

MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 9: Decentralization and Performance Evaluation

Chapter 12 Problem 12-6 Return on Investment, Profit Margin, and Investment Turnover [LO 4] Consider the following information for HandyCraft Stores for 2011 and 2012.

2011 2012
Total assets $45,000,000 $51,300,000
Noninterest-bearing current liabilities 4,000,000 4,500,000
Net income 3,500,000 4,500,000
Interest expense 2,200,000 2,700,000
Sales 60,000,000 87,500,000
Tax rate 40% 40%

Required
a. Compute ROI for both years.
b. Break ROI down into profit margin and investment turnover.
c. Comment on the change in financial performance between 2011 and 2012.

 

FILE: MS WORD

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