Solved

Ron Hurley Purchased Everything He Needed to Make Sno-Cones for $11,600

Question 73

Multiple Choice

Ron Hurley purchased everything he needed to make sno-cones for $11,600. Last summer he made a net profit of $6,000 making and selling sno-cones at a local lake. Calculate Hurley's return on investment (ROI) .


A) 11.6 percent
B) 17 percent
C) 19.3 percent
D) 51.7 percent
E) 60 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents