Multiple Choice
The accounting rate of return is calculated as:
A) The annual average investment divided by the after-tax income.
B) The after-tax income divided by the total investment.
C) The cash flows divided by the annual average investment.
D) The cash flows divided by the total investment.
E) The after-tax income divided by the annual average investment.
Correct Answer:

Verified
Correct Answer:
Verified
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