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.Detail your calculations and support your answer.
$\begin{array}{lrr}& \underline { \text { Laurel }} & \underline { \text { Hardy } } \\\text { Revenue } & \$ 412,000 & \$ 450,000 \\\text { Costs } & 380,000 & 411,000 \\\text { Average assets } & 400,000 & 600,000\end{array}$