Consider the following information for HandyCraft Stores for 2020 and 2021: Required a. Compute ROI for both
Question:
Consider the following information for HandyCraft Stores for 2020 and 2021:
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 2020 and 2021.
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a 2020 2021 Net income 3650000 4950000 Pus interest 2420000 2975000 Less tax effect of int...View the full answer
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