[Anonymous]

Hi everyone – I have a quick question about the formula for ROI. Yes, something so simple but I want to get it straight. I got the NINJA flashcards and the MCQs.

Now, the flashcards have the formula for ROI as ROI: Return / Investment. However, a MCQ explanation has ROI: Net income / Average invested capital.

Is it really just the investment or average investment? Would it depend on whether the MCQ has more than one year of data?

I always thought it was just plain Return / Investment. Thanks for your help!