Question
TechGen Inc. invested $50,000 in a project that generated a net income of $10,000 in the first year and $15,000 in the second year. Calculate
TechGen Inc. invested $50,000 in a project that generated a net income of $10,000 in the first year and $15,000 in the second year. Calculate the ROI for each year and the average ROI over the two years.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
