Selected financial information for Moby Industries Limited is presented below: 2003 2004 Total assets $160,000 $180,000...

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Selected financial information for Moby Industries Limited is presented below: 2003 2004 Total assets $160,000 $180,000 Current liabilities 14,000 16,000 Net income 12,000 15,000 Interest expense 8,000 10,000 Sales 240,000 360,000 Tax rate 40% 40% Required: 1. Compute the return on investment for 2004. Show all your calculations. 2. Comment on the change in cost control performance from 2003 to 2004. Show all your calculations. Selected financial information for Moby Industries Limited is presented below: 2003 2004 Total assets $160,000 $180,000 Current liabilities 14,000 16,000 Net income 12,000 15,000 Interest expense 8,000 10,000 Sales 240,000 360,000 Tax rate 40% 40% Required: 1. Compute the return on investment for 2004. Show all your calculations. 2. Comment on the change in cost control performance from 2003 to 2004. Show all your calculations.