Laurel and Hardy Are Managers of Two Product Lines for Keaton

question 116

Essay

Laurel and Hardy are managers of two product lines for Keaton Company.One of them is a candidate for promotion based on performance.Using the data below,determine who had the better performance using performance measures such as net income,profit margin,and return on assets.Show your calculations and support your answer.
$$\begin{array} { l r r r } & \underline { \text { laurel } } & \underline { \text { Hardy } } \\\text { Revenue } \ldots \ldots \ldots \ldots \ldots \ldots & \$ 412,000 & \$ 450,000 \\\text { Costs } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 380,000 & 411,000 \\\text { Average Assets } \ldots \ldots & 400,000 & 600,000\end{array}$$

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Definitions:

Proximity

The physical closeness between people, objects, or geographical locations, which can influence relationships and interactions.

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Psychological tendencies expressed by evaluating an entity with some degree of favor or disfavor.

Assumes

Implies that something is taken for granted or accepted as true without proof.

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