You invested $1,600 in a business and your share of the net profit for year 1 was

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You invested $1,600 in a business and your share of the net profit for year 1 was $100. What was your return on investment for the first year expressed as a fraction, decimal and as a %?

If your $100 net profit increased 5% in year 2, what is year 2 net profit in dollars?

If your return on investment was 5 percentage points greater in year 2, how much is it in dollars?

Related Book For answer-question

Financial Accounting and Reporting

ISBN: 978-0273744443

14th Edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Apr 19, 2023 03:40 AM

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You invested $1,600 in a business and your share of the net profit for year 1 was

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Financial Accounting and Reporting

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