Pierre's ice cream company produces ultra-rich ice cream, which it sells in cleveland, ohio, and other neighboring places. last year, its actual return on investment exceeded its target return on investment (roi) for that fiscal year. the following results were found on its financial statements: gross revenues: $250,000 total assets: $500,000 gross profits: $100,000 total liabilities: $200,000 net profits after tax: $ 50,000 owner's equity: $300,000 what was the actual roi for pierre's ice cream company?

The actual return on investment was 16.67%

Explanation:

the Return on Investment, will be the net income copared with the own funds (equity). So, we will compare the 50,000 net income with the owner's equity 300,000

50,000/300,000 = 0.1667 = 16.67%

The return on investment is 16.67% This means for every dollar of equity the comany earn 16.67 cent

It also means the company will return their entire investment in:

1/ROI = 1/0.166666 = 6 years

a.   is the correct choice.

good luck. : )

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.