Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the saudi aramco company had income from operation

The Saudi Aramco company had income from operations of $60,000 in 2021 and $65,000 in...

60.1K

Verified Solution

Question

Accounting

The Saudi Aramco company had income from operations of $60,000 in 2021 and $65,000 in 2022; invested assets was $345,000 in 2021 and $355,000 in 2022; and sales were $786,000 in 2021 and $952,000 in 2022. Use the DuPont formula to (1) compute the return on investment of the years 2021 and 2022 and (2) analyze the results, i.e., did ROI improve or decrease? Why? Round the final results to one decimal place of %, i.e., 0.01561.6%, and show the calculations.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

What are the differences between sarcasm, irony and satire?

Psychology
1.2K views

How do you now define ‘conscience’? How do you understand conscience to play out for you...

Physics
1.2K views

A cylindrical bar magnet is cut parallel to magnetic axis such that it is divided...

Geometry
1.2K views

K What is the measure of angle LKJ Round to the nearest whole degre L...

Geometry
1.2K views

Given lines n and r are parallel 22 and 2 7 are P 1 2...

Calculus
1.2K views

DShrives Publishing recently reported $13,000 of sales, $5,500 of operating costs other than depreciation, and...

Algebra
1.2K views

K Kelly has different books to arrange on a shelf 4 blue 3 green and...

Algebra
1.2K views

The weights for 10 adults are 72, 78, 76, 86, 77, 77, 80, 77, 82,...

Accounting
1.2K views

Cost of Goods Sold Budget The controller of MingWare Ceramics Inc. wishes to prepare a...

Accounting
1.2K views

Scenario: The Redmond Management Association held its annual public relations luncheon in April Year 2....

Accounting
1.2K views

Samuel Air Conditioning & Heating had the following select financial data as of June 30,...

Finance
1.2K views

6. Without financial intermediaries the cost of funds (capital) would likely be a. Higher b....