Question
1) Using the following data, what was the return on net worth for the year? Investment Assets at Year End $170,000 Investment Assets at Beginning
1) Using the following data, what was the return on net worth for the year?
Investment Assets at Year End $170,000
Investment Assets at Beginning of Year $125,000
Savings $25,000
Employer Match to 401(k) $4,800
Gross Income $120,000
Total Assets at Year End $650,000
Total Assets at Beginning of Year $610,000
Total Liabilities at Year End $235,000
Total Liabilities at Beginning of Year $240,000
2) Using the following data, what was the return on assets (ROA) for the year?
Investment Assets at Year End $170,000
Investment Assets at Beginning of Year $125,000
Savings $25,000
Employer Match to 401(k) $4,800
Gross Income $120,000
Total Assets at Year End $650,000
Total Assets at Beginning of Year $610,000
Total Liabilities at Year End $235,000
Total Liabilities at Beginning of Year $240,000
3) Using the following data, what was the return on investment (ROI) for the year?
Investment Assets at Year End $170,000
Investment Assets at Beginning of Year $125,000
Savings $25,000
Employer Match to 401(k) $4,800
Gross Income $120,000
Total Assets at Year End $650,000
Total Assets at Beginning of Year $610,000
Total Liabilities at Year End $235,000
Total Liabilities at Beginning of Year $240,000
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
