Determine the October 20xx ROI (Rounded to Two Decimal Places)for

question 89

Multiple Choice

Determine the October 20xx ROI (rounded to two decimal places) for an investment center with the following information: $\begin{array}{lr}\text { Assets at September } 30,20 \mathrm{xx} & \$ 20,000,000 \\\text { Assets at October 31, 20xx } & 22,000,000 \\\text { Assets at October 15, 20xx } & 18,595,000\end{array}$
Operating income for the month ended October 31, 20xx $5,000,0000$
Operating income for the month ended October 31,20xx 5,000,000.0

• A) 25.8 percent
• B) 21.8 percent
• C) 23.8 percent
• D) 27.8 percent

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