Exercise 3-7 (Algo) Compare investment alternatives LO 2 Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $560, and Riley needs $605. One year from now, your original investment will be returned, along with $50 income from Simone or $53 income from Riley. You can make only one investment. Required: a-1. Compute the ROI of Simone and Riley. (Round your answers to 2 decimal places.) ROI Simone % Riley %

Exercise 3-7 (Algo) Compare investment alternatives LO 2 Two acquaintances have approached you about investing in business activities in which each is involved. Simone is seeking $560, and Riley needs $605. One year from now, your original investment will be returned, along with $50 income from Simone or $53 income from Riley. You can make only one investment. Required: a-1. Compute the ROI of Simone and Riley. (Round your answers to 2 decimal places.) ROI Simone % Riley %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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