Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value Estimated total income over the useful life Project C Project T $96,000 $36,000 4 years 5 years 0 0 $10,560 $9,000 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C Project T % %

Average rate of return The following data are accumulated by Patterson Inc. in evaluating two competing capital investment proposals: Amount of investment Useful life Estimated residual value Estimated total income over the useful life Project C Project T $96,000 $36,000 4 years 5 years 0 0 $10,560 $9,000 Determine the expected average rate of return for each project. Round your answers to one decimal place. Project C Project T % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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