PROBLEM 3 Return on Investment, Profit Margin, and Investment Turnover Consider the following information for...
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PROBLEM 3 Return on Investment, Profit Margin, and Investment Turnover Consider the following information for HandyCraft Stores for 2014 and 2015. 2014 2015 Total Assets $42,000,000 $47,500,000 Noninterest-bearing current liabilities 3,600,000 4,100,000 Net income 3,000,000 4,000,000 Interest expense 2,000,000 2,500,000 Sales 57,000,000 81,000,000 Tax rate 40% 40% A. Compute ROI b. Break ROI down into profit margin and investment turnover.
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