Consider the following information for McKinley and Son: Required a. Calculate ROI for 2020 and 2021. Round
Question:
Consider the following information for McKinley and Son:
Required
a. Calculate ROI for 2020 and 2021. Round ROI to four decimal places.
b. While income has increased in fiscal 2021, is it clear that the company’s performance has improved?
Transcribed Image Text:
12/31/2020 12/31/2021 Total assets $55,000,000 $62,000,000 Noninterest-bearing current liabilities 1,100,000 3,300,000 726,000 1,320,000 3,400,000 Net income Interest expense 770,000 Tax rate 20% 20%
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a 20 20 20 21 Net income 3300000 3400000 Plus interest 726000 77...View the full answer
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Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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