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%
A
Explanation: A) $350,000 = 0.348 ~ 35%
$1,005,000
Business
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