Sunday, 6 November 2022

Two investment centers at Marshman Corporation have the following current-year income and asset data:

 Two investment centers at Marshman Corporation have the following current-year income and asset data:
 

Investment Center    Income    Average Assets
A    $ 450,000    $ 3,100,000
B    560,000    2,300,000

The return on investment (ROI) for Investment Center A is:

Multiple Choice

648.30%


25.50%


14.52% Correct

20.50


42.00

Explanation
ROI = $450,000/$3,100,000 = 14.52%

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