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Dougs Conveyor Systems, Inc., is considering two investment proposals (1 and 2). Data for the two proposals are presented here: 1 2 Cost of investment
Dougs Conveyor Systems, Inc., is considering two investment proposals (1 and 2). Data for the two proposals are presented here:
| 1 | 2 | |||
| Cost of investment | $ | 75,000 | $ | 80,000 |
| Estimated salvage value | 15,000 | 20,000 | ||
| Average estimated net income | 14,400 | 12,500 | ||
| Calculate the return on average investment for both proposals. |
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Auditing A Modern Approach
Authors: Sanjay Basotia
1st Edition
938092903X, 978-9380929033
