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Naddik [55]
2 years ago
14

Nicholas initially invested $2,400 in a technology company. The company recently paid annual dividends of $22 and his year-end i

nvestment value was $2,000. What was the rate of return on his investment?
Business
1 answer:
Vika [28.1K]2 years ago
3 0

Answer:

- 15.75%

Explanation:

The computation of the rate of return on his investment is shown below:

= (Year end investment value - investment value + annual dividend) ÷ (Investment value)

= ($2,000 - $2,400 + $22) ÷ ($2,400)

= -$378 ÷ 2,400

= - 15.75%

Simply we divided the difference of investment and added the annual dividend and then divided it by the investment value

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denpristay [2]

Answer:

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Explanation:

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Net sales = $4,000 million;

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Therefore, the total asset turnover ratio of Flask Company is 1.16.

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