Answer:
The company will be required to earn a net income of $600,000.
Explanation:
The return on investment shows the relation between the net income and the investment.
In the case when there is a high return on investment so the gain on investment should be favorable to its cost.
The following formula should be used to determine the net income.
As we know that
Return on investment = Net income ÷ investment made
30% = Net income ÷ $2,000,000
So, the net income is
= $2,000,000 × 30%
= $600,000
Hence, we can conclude that the company will be required to earn a net income of $600,000.
Learn more about the return on investment here: //brainly.com/question/19444661
