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The table below shows the performance of Amiba's portfolio over the past five years. Year 1 2 3 4 5 Rate of return 14% 13%
The table below shows the performance of Amiba's portfolio over the past five years.
| Year | 1 | 2 | 3 | 4 | 5 |
| Rate of return | 14% | 13% | -10% | 15% | 16% |
Required:
Based on the information given:
- Calculate the arithmetic average return.
2. Calculate the geometric average return.
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
