Business, 22.04.2020 03:09 jaumonking

You currently manage Cody’s investment portfolio. He provided you with the following information for the beginning and the end of the year:Investment balance (beginning of year): $100,000Investment balance (end of year): $115,000IRA balance (beginning of year): $75,000IRA balance (end of year): $82,000Net worth (beginning of year): $1,000,000Net worth (end of year): $970,000Annual savings to IRA: $5,000Which of the following statements is correct?The return on investments ratio is within the normal range. The return on the IRA ratio is 10%.The return on net worth ratio is 3.5%.The return on investments, return on IRA, and return on net worth ratios are all within the normal range.

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