Consider the following information for HandyCraft Stores for 2011 and 2012.

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 and2012.

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2011 2012 $45,000,000 $51300,000 Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate 4,000,000 3,500,000 2,200,000 60,000,000 40% 4,500,000 4,500,000 2,700,000 87,500,000 40%