eBookeBookeBookeBookExercise 12-21 (Algorithmic)
Park Company provided the following income statement for last year:
At the beginning of last year, Park had $38,650 in operating assets. At the end of the year, Park had $41,350 in operating assets.
Compute ROI. Do not round interim calculations, but do round your final answer to two decimal places. If required, use a minus sign to indicate a negative ROI.
ROI = _________________ %
Return on Investment, Margin, Turnover
Links to learning objectives referenced by this question can be accessed in the “Additional Resources” drop-down menu above.
Data follow for the Construction Division of D. Jack Inc.:
Round all answers to two decimal places.
1. Compute the margin (as a percent) and turnover ratios for each year.
2. Compute the ROI as a percent for the Construction Division for each year.