The Moose Hardware Company Had Net Income of $60,000 and Owners

question 7

Short Answer

The Moose Hardware Company had net income of $60,000 and owners' equity of $316,090. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)

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Definitions:

Internal Factors

Influences within an organization or individual that affect their behavior and decisions.

External Factors

Elements outside an individual or system that influence or affect their behavior and outcomes.

Robert Plutchik

An American psychologist known for his psychoevolutionary theory of emotion and the creation of the "wheel of emotions."

Primary Emotion

Basic emotions that are universally recognized and experienced by people regardless of culture, including happiness, sadness, fear, disgust, surprise, and anger.