Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year

Question:

Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year 2015:

Required
1. Compute the ROI for each store, where investment is measured at (a) historical cost and (b) current cost.
2. How would you judge the performance of each store?

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Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0133138443

7th Canadian Edition

Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham

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Question Posted: Nov 15, 2016 10:40 AM

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Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year

Question:

Jane andMajor Mackenzie Operating income Historical cost of investment Current cost of investment Age of store Rutherford S 28,000 S 50,000 $120,000 and Keele S 33,000 $100,000 $135,000 Weston and Langstaff S15,000 $30,000 S80,000

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1 Jane and Rutherford Major Mackenzie and Keele Weston and Langstaff ROI Operating Income Historical cost of investment 28000 50000 56 33000 100000 33 ...View the full answer

Cost Accounting A Managerial Emphasis

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