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Please show all work Determine the October 2014 ROI for an investment center with the following information: Assets at September 30, 2014 $20,000,000 Assets at

Please show all work

Determine the October 2014 ROI for an investment center with the following information:

Assets at September 30, 2014

$20,000,000

Assets at October 31, 2014

22,000,000

Assets at October 15, 2014

18,595,000

Operating income for the month ended October 31, 2014

5,200,000

Round percentage answer to two decimal places.

a.

26.8 percent

b.

22.8 percent

c.

24.8 percent

d.

28.8 percent

Determine the April 2014 residual income for an investment center with the following information:

Operating income for the month ended April 30, 2014

$2,300,000

Assets at March 31, 2014

10,200,000

Assets at April 30, 2014

13,150,000

Desired ROI

18%

Actual ROI

20%

a.

$655,650

b.

$688,000

c.

$198,500

d.

$704,750

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