Question
What is the accounting rate of return for a project that is estimated to yield total income of $354,000 over three years and costs $851,000?
What is the accounting rate of return for a project that is estimated to yield total income of $354,000 over three years and costs $851,000?
Note: Round your answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.)
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
