Innovate Tech invested $800,000 in a new project and earned a Net Income of $160,000. What is the Return on Investment (ROI)? A) 18.50% B) 20.00% C) 22.50% D) 25.00%
Innovate Tech invested $800,000 in a new project and earned a Net Income of $160,000. What is the Return on Investment (ROI)? A) 18.50% B) 20.00% C) 22.50% D) 25.00%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Innovate Tech invested $800,000 in a new project and earned a Net Income of
$160,000.
What is the Return on Investment (ROI)?
A) 18.50%
B) 20.00%
C) 22.50%
D) 25.00%
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