Summit Innovations reported: • Total Investment: $900,000 • Net Income: $135,000 Calculate the ROI. A) 13.50% B) 15.00% C) 16.50% D) 14.00%
Summit Innovations reported: • Total Investment: $900,000 • Net Income: $135,000 Calculate the ROI. A) 13.50% B) 15.00% C) 16.50% D) 14.00%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Summit Innovations reported:
•
Total Investment: $900,000
•
Net Income: $135,000
Calculate the ROI.
A) 13.50%
B) 15.00%
C) 16.50%
D) 14.00%
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