QUESTION 23 Which one of the following correctly applies to the average accounting rate of return? It measures net income as a percentage of the sales generated by a project. It can be compared to the return on assets ratio. It considers the time value of money. It is the best method of analyzing mutually exclusive projects from a financial point of view. It is the primary methodology used in analyzing independent projects. QUESTION 24 Jason's Paints just issued 20-year, 7.25 percent, unsecured bonds at par. These bonds fit the definition of which one of the following terms? Discounted Callable Note Zero-coupon Debenture