Question: J - Mark Superstores provides the following selected financial data. 2 0 2 4 2 0 2 3 Cash and cash equivalents $ 8 5

J-Mark Superstores provides the following selected financial data.
20242023
Cash and cash equivalents $ 852,540 $ 750,235
Short-term investments 45,05039,194
Accounts receivable 1,120,5451,030,901
Inventory 2,812,0202,615,179
Property, plant and equipment 4,212,6863,749,291
Long-term investments 96,55582,072
Total asset 9,139,3968,266,871
Total liabilities 4,204,1223,968,098
Total stockholders equity 4,935,2744,298,773
Net sales 15,579,86513,710,281
Operating income 5,452,9534,661,496
Interest expense 157,655148,804
Investment income 5,9474,851
Calculate the return on investments ratio for 2024.
Note: Round your answer to 1 decimal place.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!