Response to the following problem:
Consider the following information for McKinley and Son, Inc.:
Year 2014:
Total Assets $55,200,000
Non interest-bearing current liabilities $1,080,000
Net Income $3,280,000
Interest expense $694,000
Tax rate 35%
Year 2015:
Total Assets $60,300,000
Non interest-bearing current liabilities $ 1,360,000
Net Income $3,406,500
Interest expense $800,000
Tax rate 35%
What is the ROI (Return on Investment) of the company for 2014 and 2015? (Round your answers to two decimal places)Consider the following information for McKinley and Son, Inc.: Year 2014 Total Assets $55,200,000 Non interest-bearing current liabilities $1,080,000 Net Income $3,280,000 Interest expense $694,0ac