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Which of the following is considered to be a redeeming feature of average accounting return analysis? Select one: a. Calculation relies on net income and

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Which of the following is considered to be a redeeming feature of average accounting return analysis? Select one: a. Calculation relies on net income and not cash flows or asset values. b. Calculation relies on book values and not market values or cash flows. C. It is relatively easy to calculate. d. It incorporates time value of money. e. Estimation of the appropriate cutoff rate is straightforward and easy

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