Refer to Multiple Enterprises, Inc. Compute the rate of return on investment. Express your answer as a percentage.

Rate of Return on Investment

A measure of the profitability or efficiency of an investment, calculated as the ratio of net profits to the initial cost of the investment.

Balance Sheet

A report that outlines the financial standings of a company, including assets, obligations, and owners' equity, at a given time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, culminating in net income or loss.