Question: Please answer the last question: What is your return on invested capital %? As it turns out, you were correct when you purchased 2 contracts

Please answer the last question: What is your return on invested

Please answer the last question: What is your return on invested capital %?

As it turns out, you were correct when you purchased 2 contracts for feeder cattle at $1.306, as the spot price on cattle rose to 1.422 on the delivery date given in your contracts. You were required to put down 13%. How much money did you make? What was your return on invested capital? (There are 50,000 pounds in one contract for feeder cattle.) The amount of money made, or your profit, is $ (Round to the nearest dollar.) Your return on invested capital is \%. (Round to two decimal places.)

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