Question
What is the accounting rate of return for a project that is estimated to yield total income of $351,000 over three years and costs $859,000?
What is the accounting rate of return for a project that is estimated to yield total income of $351,000 over three years and costs $859,000? (Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
