The Saudi Aramco company had income from operations of $60,000 in 2021 and $65,000 in...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The Saudi Aramco company had income from operations of $60,000 in 2021 and $65,000 in 2022; invested assets was $345,000 in 2021 and $355,000 in 2022; and sales were $786,000 in 2021 and $952,000 in 2022. Use the DuPont formula to (1) compute the return on investment of the years 2021 and 2022 and (2) analyze the results, i.e., did ROI improve or decrease? Why? Round the final results to one decimal place of %, i.e., 0.01561.6%, and show the calculations.
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: Flex AI - Your personal assistant for all your inquiries!
