During the past twelve months, the Zenith Corporation had a net income of $78,400 What is the return on investment if the amount of the investment is $560,000?
A)10%
B)12%
C)14%
D)16%

Question

Quizplus · Accepted Answer

The formula for calculating the return on investment is (Net Income/Investment)*100.
Using this formula, the ROI can be calculated as follows:
(78,400/560,000)*100 = 14%
Therefore, the correct answer is C, 14%.

During the Past Twelve Months, the Zenith Corporation Had a Net