Answer Happy

Consider the following information for Handley Stores
for 2020 and 2021:
2020
2021
Total assets
$72,590,000
$68,832,000
Noninterest-bearing current liabilities
5,368,000
6,039,000
Net income
4,453,000
6,039,000
Interest expense
2,944,000
3,640,000
Sales
55,572,000
117,425,000
Tax rate
35%
35%
Compute ROI for both years. (Round answers to 2
decimal places, e.g. 15.32%.)
2020
2021
ROI
eTextbook and Media
Break ROI down into profit margin and investment
turnover. (Round answers to 4 decimal places, e.g.
15.3215.)
2020
2021
Profit margin
enter Profit margin rounded to 4 decimal places
enter Profit margin rounded to 4 decimal places
Investment turnover
enter Investment turnover rounded to 4 decimal places
enter Investment turnover rounded to 4 decimal places