Question
Lydon Chaundy has the following financial data. Investment Assets at Year End $475,000 Investment Assets at Beginning of the Year $350,000 Savings Made During the
Lydon Chaundy has the following financial data. Investment Assets at Year End $475,000 Investment Assets at Beginning of the Year $350,000 Savings Made During the Year by Mike $27,000 Employer Match to Lydons 401(k) Plan $5,000 Total Assets on Ending Statement of Financial Position $700,000 Gross Income on Income Statement $100,000 Total Assets on Beginning Statement of Financial Position $600,000 Total Liabilities at Beginning of the Year $200,000 Total Liabilities at Year End $180,000 What was Lydons ROI for the year?
Answers:
13.01%
15.57%
18.37%
21.17%
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