TJ has prepared a spreadsheet where the total benefits are $182,000;the total cumulative costs are $120,000.The ROI would be::
A)$62,000
B)About 34%
C)About 51.7%
D)About 65.3%
E)Less than 20%

Question

Quizplus · Accepted Answer

ROI = (Total Benefits - Total Costs) / Total Costs
ROI = ($182,000 - $120,000) / $120,000
ROI = $62,000 / $120,000
ROI = 0.5166 or 51.7% (rounded to one decimal place)

Therefore, the correct answer is C.

TJ Has Prepared a Spreadsheet Where the Total Benefits Are