Laurel and Hardy Are Managers of Two Product Lines for Keaton

Essay

Laurel and Hardy are managers of two product lines for Keaton Company.One of them is a candidate for promotion based on performance.Using the data below,determine who had the better performance using performance measures such as net income,profit margin,and return on assets.Show your calculations and support your answer.
$$\begin{array} { l r r r } & \underline { \text { laurel } } & \underline { \text { Hardy } } \\\text { Revenue } \ldots \ldots \ldots \ldots \ldots \ldots & \$ 412,000 & \$ 450,000 \\\text { Costs } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 380,000 & 411,000 \\\text { Average Assets } \ldots \ldots & 400,000 & 600,000\end{array}$$