Blue Nyle Products, Inc

question 24

Short Answer

Blue Nyle Products, Inc. had net sales of $388,888; net income of $25,500; total assets of $825,660; and total liabilities of $525,300. Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)

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Definitions:

Fund Returns

Fund Returns are the profits or losses from investments in mutual funds, ETFs, or other pooled investment vehicles, typically presented as a percentage gain or loss over a specific period.

Sharpe Measure

A financial metric used to assess the performance of an investment by adjusting for its risk.

Comparison Universe

The set of money managers employing similar investment styles, used for assessing the relative performance of a portfolio manager.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professional investment managers.