FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello! Can someone please help me find return on investment? Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock

Hello! Can someone please help me find return on investment?
image text in transcribed
Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock is selling at $93 per share. Without using margin, what is Polly's return on investment? 65.0% O 70.0% O 60.0% O 55.0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

There was a margin call on March 7, and Kyoto Fund decided to make a deposit of JPY5 million in the margin account on that date. Valuation dates are month ends. Prepare journal entries, general...

Answered: 1 week ago

Question

★★★★★
The Dress4Less Company operates a chain of mens clothing stores that sells 10 different styles of inexpensive mens suits with identical unit costs and selling prices. A unit is defined as one suit....

Answered: 1 week ago

Question

★★★★★
On January 1, Year 2, Page Company acquired 70% of the outstanding common shares of Sage Ltd. for $45,500 in cash. On that date, Sage had $20,000 in common shares outstanding and $20,000 in retained...

Answered: 1 week ago

Question

★★★★★
Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the...

Answered: 1 week ago

Question

★★★★★
Andreti Company has a single product called a Dak. The company normally produces and sells 86,000 Daks each year at a selling price of $56 per unit The company's unit costs at this level of activity...

Answered: 1 week ago

Question

★★★★★
Please slove fast and use Australian taxation law for reference Steve is an editor employed full time at a major Australian book publisher "WritePublishing". In his spare time, Steve enjoys writing...

Answered: 1 week ago

Question

★★★★★
What is the cerebrum?

Answered: 1 week ago

Question

★★★★★
Please help with the following Required information [The following information applies to the questions displayed below.] Ken is 63 years old and unmarried. He retired at age 55 when he sold his...

Answered: 1 week ago

Question

★★★★★
Radom Manufacturing produces various products. The company operates a landfill, which it uses to dispose of nonhazardous trash. The trash is hauled from the two nearby manufacturing facilities in...

Answered: 1 week ago

Previous Question Next Question