Criner Inc.reported the following results from last year's operations:
At the beginning of this year,the company has a $1,800,000 investment opportunity with the following characteristics:
Required:
1.What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)
2.If the company pursues the investment opportunity and otherwise performs the same as last year,what will be the overall ROI will this year? (Round to the nearest 0.1%.)

Question

Criner Inc.reported the following results from last year's operations:
  At the beginning of this year,the company has a $1,800,000 investment opportunity with the following characteristics:
  Required:
1.What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)
2.If the company pursues the investment opportunity and otherwise performs the same as last year,what will be the overall ROI will this year? (Round to the nearest 0.1%.)

Quizplus · Accepted Answer

The Answer of Criner Inc.reported the following results from last year's operations:
  At the beginning of this year,the company has a $1,800,000 investment opportunity with the following characteristics:
  Required:
1.What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)
2.If the company pursues the investment opportunity and otherwise performs the same as last year,what will be the overall ROI will this year? (Round to the nearest 0.1%.)