Which Three of the Following Accurately Relate to the Accounting

Multiple Choice

Which three of the following accurately relate to the accounting rate of return?

A) It is the ratio of accounting profit to investment, expressed as a percentage.
B) It makes no allowance for the time value of money.
C) It is calculated and is required by managers because they are often judged retrospectively by this measure.
D) It is calculated more often than payback, NPV, or IRR during project appraisal by UK firms.