Jasmine Inc

Multiple Choice

Jasmine Inc. is a small flower shop that is performing some analysis based on their most recent year. They have determined that their profit margin was 0.2876 and investment turnover was 0.2188. They had purchased a new piece of equipment for $3,000. Based upon this information, what was their Return on Investment (ROI) ?

A) 0.0629
B) 0.0688
C) 0.5064
D) 0.7608