Asked by nivetha duraisamy on May 15, 2024
Verified
Blue Nyle Products, Inc. had net sales of $388,888; net income of $25,500; total assets of $825,660; and total liabilities of $525,300. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of a number of different investments.
Total Liabilities
The sum of all debts and financial obligations a company owes to outside parties.
Total Assets
The sum of all resources owned by a company or an individual, valued in monetary terms, which includes tangible and intangible items.
- Calculate the rate of return on investment.
Verified Answer
AD
Learning Objectives
- Calculate the rate of return on investment.