Question
What is the accounting rate of return for a project that is estimated to yield total income of $381,000 over three years and costs $861,000?
What is the accounting rate of return for a project that is estimated to yield total income of $381,000 over three years and costs $861,000? (Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))
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Financial Accounting
Authors: Belverd E. Needles
5th Edition
0395698022, 978-0395698020
