ACCT.PRINCIPLES (LL)-PACKAGE
14th Edition
ISBN: 9781119707103
Author: Weygandt
Publisher: WILEY
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Chapter 27, Problem 10Q
To determine
Profitability Index:
The Profitability Index formula determines the profitability percentage of a proposed investment. It helps the management in comparing the profit percentages of available proposals and selecting the potential investment project with a higher profitability index.
: The benefit of profitability index in comparison to
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