McCoy's Fish House purchases a tract of land and an existing building for $950,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,500. The company also pays $13,000 in property taxes, which includes $8,500 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,500 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $47,500 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $4,000 and pays an additional $10,500 to level the land. Required: Determine the amount McCoy’s Fish House should record as the cost of the land. (Amounts to be deducted should be indicated by a minus sign.)

Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x.xx%)