During 2021, Sam Harris purchased 50 shares of common stock issued by Atlanta Carpet Mills for $6800 including commission. Later In the same year, Sam sold the shares for $7200 after commission. Calculate the following. (Round all answers to two decimal places.) 1. Profit on this stock transaction: 2. Percentage return on investment: $1 Parentheses X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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During 2021, Sam Harris purchased 50 shares of common stock issued by Atlanta Carpet Mills for $6800 including commission. Later
In the same year, Sam sold the shares for $7200 after commission. Calculate the following. (Round all answers to two decimal places.)
$1
1. Profit on this stock transaction:
2. Percentage return on investment:
Parentheses
S
Transcribed Image Text:During 2021, Sam Harris purchased 50 shares of common stock issued by Atlanta Carpet Mills for $6800 including commission. Later In the same year, Sam sold the shares for $7200 after commission. Calculate the following. (Round all answers to two decimal places.) $1 1. Profit on this stock transaction: 2. Percentage return on investment: Parentheses S
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