Question: Corners Ltd. owns and manages three convenience
Corners Ltd. owns and manages three convenience stores. The following information has been collected for the year 2015: 
Required:
1. Compute the ROI for each store, where investment is measured at (a) historical cost and (b) current cost.
2. How would you judge the performance of each store?
Transcribed Image Text:
Jane and Major Mackenzie and Keele Weston and Rutherford Langstaff $ 33,000 $ 28,000 $ 50,000 Operating income $15,000 Historical cost of investment $100,000 $30,000 Current cost of investment $120,000 $135,000 $80,000 Age of store 5 2 4
