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Consider the following information for McKinley and Son Inc Year 2014 Total Assets $55,200,000 Non interest-bearing current liabilities $1080000 Net Income $3280000 Interest expense

Consider the following information for McKinley and Son, Inc.:

Year 2014

Total Assets $55,200,000

Non interest-bearing current liabilities $1,080,000

Net Income $3,280,000

Interest expense $694,000

Tax rate 35%



Year 2015

Total Assets $60,300,000

Non interest-bearing current liabilities $ 1,360,000

Net Income $3,406,500

Interest expense $800,000

Tax rate 35%
What is the ROI (Return on Investment) of the company for 2014 and 2015? (Round your answers to two decimal places)Consider the following information for McKinley and Son, Inc.: Year 2014 Total Assets $55,200,000 Non interest-bearing current liabilities $1,080,000 Net Income $3,280,000 Interest expense $694,0ac

May 03 2020 View more View Less

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