Question: Consider the following information for HandyCraft Stores for 2017 and 2018: Required a. Compute ROI for both years. b. Break ROI down into profit margin

Consider the following information for HandyCraft Stores for 2017 and 2018:

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 2017 and 2018.

2017 2018 Total assets Noninterest-bearing current liabilities Net income Interest expense Sales Tax rate $56,430,000 4,950,000 4,950,000 2,975,000 96,250,000 40% $59,500,000 3,650,000 2,420,000 66,000,000 40%

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