Problem 12-3 Consider the following information for McKinley and Son, Inc.: 12/31/2014 12/31/2015 Total assets...
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Problem 12-3 Consider the following information for McKinley and Son, Inc.: 12/31/2014 12/31/2015 Total assets $54,600,000 $62,200,000 Noninterest-bearing current liabilities 1,100,000 1,370,000 Net income 3,220,000 3,346,500 Interest expense 719,000 770,000 Tax rate 35% 35%
Evaluate the company in terms of ROI.
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