Keep using the same set of inf

Keep using the same set of information to answer the question below.

Income Statement Balance Sheets

HFT Corp. HFT Corp.

During the year of 2XX1 2XX2 On Dec. 31 of 2XX1 2XX2

Sales $1,200,000 $1,500,000 Total Assets: $700,000 $800,000

Cost of Sales $ 360,000 $ 480,000

Gross Profit $ 840,000 $1,020,000 Current Liability $50,000 $60,000

Payroll Exp. $ 300,000 $ 375,000 L-term Liability $150,000 $240,000

Gen. & Admin. $ 120,000 $ 150,000 Owners’ Equity $500,000 $500,000

Other Exp. $ 240,000 $ 300,000

(including Taxes)

Net Income $ 180,000 $ 195,000

=====================================

– What is the rate of return from the company’s operations on the investment into entire resources during 2XX2? Round your answer to the first decimal. If your answer is 10%, put 10.0 for your answer.

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