Consider the following information for McKinley and Son, Inc. Required a. Evaluate the company in terms of
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Required
a. Evaluate the company in terms of ROI.
b. While income has increased in fiscal 2012, is it clear that the companys performance hasimproved?
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Total assets Noninterest-bearing current liabilities Net income Interest expense Tax rate 12/31/2011 2/31/2012 $50,000,000 $56200,000 1,200,000 3,115,000 700,000 1,000,000 3,000,000 660,000 35% 35%
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