Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. j-mark superstores provides the following selected

J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts...

80.2K

Verified Solution

Question

Accounting

J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset Total liabilities Total stockholders' equity Net sales Operating income Interest expense Investment income Return on investments ratio 2024 $ 852,540 45,050 1,120,545 2,812,020 4,212,686 96,555 9,139,396 Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. % 4,204, 122 4,935,274 15,579,865 5,452,953 157, 655 5,947 2023 $ 750,235 39, 194 1,030,901 2,615, 179 3,749,291 82,072 8,266,871 3,968,098 4,298,773 13,710, 281 4,661,496 148,804 4,851
image
J-Mark Superstores provides the following selected financial data. Calculate the return on investments ratio for 2024 . Note: Round your answer to 1 decimal place

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 12 of 21 possible This question 1 point s possible en playing American roulette...

Statistics
Q

Identify the emerging role of aircraft and parachutes in supporting and maintaining pressure or defensive efforts...

Civil Engineering
Q

The actual diameter of an atom is about a tenth of a nanometer (10​ (mostly N​ and...

Physics
Q

Find the weight (in kg) of cement, water, flyash, fine and coarse aggregate to produce a...

Civil Engineering
Q

Complete the following worksheet for Appliance Repair for the year ended 30 June 2020. Additional information...

Accounting
Q

X 0 y 0 1 3x 6y 18 y 0 2 4x y 8 3...

Basic Math
Q

Are all batteries created equal An experiment was carried out to determine this Two brand...

Statistics
Q

4. [-/1 Points] DETAILS CRAUDQL2 6.3.004. What sample size is needed...

Accounting
Q

Saxon Company sold 16,000 units for $84,000. Variable costs per unit sold were $3. Saxon...

Accounting
Q

Which of the following is NOT an example of cash outflows? (1 point) Decrease in...

Accounting
Q

Which bond rating signals the greatest default risk? Question 5 options: ...

Finance
Q

[22] The following is a section of a system flowchart for a payroll application: Symbol...

Accounting