Simple rate of return= 55.48%
Explanation:
The simple accounting rate of return is the average annual income expressed as a percentage of the investment. The simple rate of return can be calculated using either of the two formula below:
Simple rate of return = Annual operating income/Average investment
Simple rate of return =
Net income = 130,000 - 39,000 = 91000
Average investment = (328,000 + 0)/2 = 164,000
Simple rate of return = 91,000/164,000× 100= 55.48%
yes :'(
Explanation:
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