Question
Ayng-Edan Company earned residual income of $35,659 during the year. The net profit was $151,537 during the year and the cost of capital was 11.7
Ayng-Edan Company earned residual income of $35,659 during the year. The net profit was $151,537 during the year and the cost of capital was 11.7 per cent. What was the return on investment for the year? (Present the final answer as a percentage, to 2 decimal places.)
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International Accounting
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
5th edition
1259747980, 9781259747984, 1260466531, 978-1260466539
