Asked by Elise Weidman on May 15, 2024
Verified
Mark and Maria Pharmaceutical Company had net income of $47,000 and owners' equity of $150,500. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenue.
Owners' Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders or owners.
Investment
The allocation of resources, usually money, in the expectation of generating an income or profit.
- Calculate the investment's return rate.
Verified Answer
AS
Learning Objectives
- Calculate the investment's return rate.