The following summary financial statement information is provided for Denbury Industries: Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant, and equipment Long-term investments. Total assets Net income Interest expense Investment income. 2024 2023 $ 239,850 $ 368,740 25,640 18,740 658,930 690,760 345,920 415,380 859,710 735,480 83,670 65,300 2,213,720 2,294,400 $ 279,630 $ 199,850 39,540 25,670 5,750 3,170 Calculate the return on investments ratio for 2024.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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The following summary financial statement information is provided for Denbury Industries:
Cash and cash equivalents
Short-term investments
Accounts receivable
Inventory
Property, plant, and equipment
Long-term investments
Total assets
Net income
Interest expense
Investment income
Multiple Choice
O
2024
2023
$ 239,850 $ 368,740
Calculate the return on investments ratio for 2024.
2.5%
25,640
18,740
658,930
690,760
345,920
415,380
859,710
735,480
83,670
65,300
2,213,720 2,294,400
$ 279,630 $ 199,850
39,540
25,670
5,750
3,170
Transcribed Image Text:The following summary financial statement information is provided for Denbury Industries: Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant, and equipment Long-term investments Total assets Net income Interest expense Investment income Multiple Choice O 2024 2023 $ 239,850 $ 368,740 Calculate the return on investments ratio for 2024. 2.5% 25,640 18,740 658,930 690,760 345,920 415,380 859,710 735,480 83,670 65,300 2,213,720 2,294,400 $ 279,630 $ 199,850 39,540 25,670 5,750 3,170
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OpenStax College