Question: Keep using the same set of information to answer the question below. Income Statement HFT Corp. During the year of 2XX1 2XX2 Sales $1,200,000 $1,500,000

Keep using the same set of information to answer the question below.

Income Statement

HFT Corp.

During the year of 2XX1 2XX2

Sales $1,200,000 $1,500,000

Cost of Sales $ 360,000 $ 480,000

Gross Profit $ 840,000 $1,020,000

Payroll Exp. $ 300,000 $ 375,000

Gen. & Admin. $ 120,000 $ 150,000

Other Exp. $ 240,000 $ 300,000

(including Taxes)

Net Income $ 180,000 $ 195,000

=====================================

Balance Sheet

On Dec. 31 of 2xx1 2xx2

Total Assets $700,000 $800,000

Curr. Liabilities $50,000 $60,000

L/T Liabilities $150,000 $240,000

Owners' Equity $500,000 $500,000

1. Determine the investors' ROI in the 2xx2. Your answer should be in percentage (%). Round it to the first decimal. FYI, if your answer is 30%, provide "30.0" for your answer.

2. During the year of 2XX2, how many dollars of revenues were generated from $1 of the companys investments into its resources? Follow the same format as required in the previous numerical questions. If your answer is $50.00, provide just "50.00" for your answer.

3. If the company utilizes its resources in the next year at the same rate it did in the 2xx2, what amount of revenues will be generated in the next year? Its total assets will remain the same in the next year. Please do not put "$" or "," in your answer. Just the number is required. If your answer is $15,000; then just put 15000 for your answer

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