Question
Determine the project's accounting rate of return I'm not sure what I am doing wrong for accounting rate of return 3,724,000/8,960,000 x 100 = 41.56%
Determine the project's accounting rate of return
I'm not sure what I am doing wrong for accounting rate of return 3,724,000/8,960,000 x 100 = 41.56% and that is incorrect. Then for payback period I tried 8,960,000/3,724,000 = 2.41 and I also got that wrong. Can someone tell me where I am making a mistake and also show me how to solve 4 and 5. Thank you!
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Front Office Operations And Auditing Workbook
Authors: Patrick J. Moreo, Gail Sammons, Jeff Beck
2nd Edition
0130324930, 978-0130324931
