Given a net income of $90,000, what is the return on investment for 2000?
A. 7.9%
B. 22.22%
C. 22.78%
D. 24.8%
C
To calculate the return on investment (ROI), we need to determine the initial investment or the total assets. However, the question does not provide this information.
Return on investment (ROI) is calculated using the formula:
ROI = (Net Income / Initial Investment) × 100
Given that we don't have the initial investment amount, we cannot directly calculate the ROI. Therefore, we cannot determine the correct answer (option C) based on the information provided.