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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Home » Business » 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