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Which of the following are characteristics of the Average Accounting Return? 1. Utilizes cash flows 11. Ignores the time value of money III. Employs

Which of the following are characteristics of the Average Accounting Return? 1. Utilizes cash flows 11. Ignores the time value of money III. Employs the time value of money IV. It is not a true rate of return V. Is based on accounting values Multiple Choice I, III and V I, III and IV II, IV and V II, IV and V

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