Robichau Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
The company's minimum required rate of return is 20%.Last year's return on investment (ROI) was closest to:
A) 47.6%
B) 18.9%
C) 9.0%
D) 45.7%

Question

Robichau Incorporated reported the following results from last year's operations:  At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
 The company's minimum required rate of return is 20%.Last year's return on investment (ROI) was closest to:
A) 47.6% 
B) 18.9% 
C) 9.0% 
D) 45.7%

Quizplus · Accepted Answer

The Answer of Robichau Incorporated reported the following results from last year's operations:  At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
 The company's minimum required rate of return is 20%.Last year's return on investment (ROI) was closest to:
A) 47.6% 
B) 18.9% 
C) 9.0% 
D) 45.7%

Robichau Incorporated Reported the Following Results from Last Year's Operations