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The Managerial Accountant at Preferential Drupelet Company Is Compiling Data

Question 70

Multiple Choice

The managerial accountant at Preferential Drupelet Company is compiling data.The current net income of the company is $350,000 and the total assets are $1,005,000.
Required
Compute PDCs accrual accounting rate of return.


A) 35%
B) 13%
C) 28%.
D) 55%
E) 72%

Correct Answer:

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