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    $ 420,000    $ 2,440,000
B    537,300    1,990,000
 
The return on investment (ROI) for Investment Center B is:

Multiple Choice

27.0% Correct

370.4%


21.6%


39.2%


26.1%

Explanation
ROI = $537,300/$1,990,000 = 27.0%

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