You have a small business. Your first-year financials are as follows: - Startup costs: 60,800 - Gross salos: 865,800 Total expenses: 826,500 Income taxes: 80,370 What is the return on investment (ROI) for your first year of business? A 1.96% B. 51% C. 61% D. 92%

Question

You have a small business. Your first-year financials are as follows: - Startup costs: 60,800 - Gross salos: 865,800 Total expenses: 826,500 Income taxes: 80,370 What is the return on investment (ROI) for your first year of business? A 1.96% B. 51% C. 61% D. 92%

Answer 1

To calculate the return on investment (ROI) for your first year of business, we need to follow these steps:1. Calculate the net profit: Net profit = Gross sales - Total expenses - Income taxes Net profit =

328,500 -

396,9302. Calculate the ROI: ROI = (Net profit / Start-up costs) * 100 ROI = (

60,800) * 100 = 65.5%Therefore, the correct answer is C. 65.5%.

Problemas

You have a small business. Your first-year financials are as follows: - Startup costs: 60,800 - Gross salos: 865,800 Total expenses: 826,500 Income taxes: 80,370 What is the return on investment (ROI) for your first year of business? A 1.96% B. 51% C. 61% D. 92%

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