Consider the Following Information for Haley and Morris, Inc How Much Is the Return on Investment for 2018?
A)7

question 48

Multiple Choice

Consider the following information for Haley and Morris, Inc. $\begin{array}{lrr}&\text { December } 31\\&2017&2018\\\text { Total assets } & \$ 40,000,000 & \$ 50,000,000 \\\text { Noninterest-bearing current liabilities } & 800,000 & 1,400,000 \\\text { Net income } & 2,600,000 & 3,400,000 \\\text { Interest expense } & 300,000 & 400,000 \\\text { Tax rate } & 30 \% & 30 \%\end{array}$ How much is the return on investment for 2018?

• A)7.57%
• B)7.24%
• C)6.42%
• D)7.82%

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Definitions:

Component Parts

Individual items or pieces that, when assembled, make up a finished product or are integral to its operation.

Mediocre Parts

Components or elements of a system that are of average or slightly below average quality, possibly affecting the overall performance.

Preventive Maintenance

Regular and routine maintenance performed on equipment and machinery to prevent unexpected failures and downtimes.