The accounting rate of return is measured as follows:
The accounting rate of return is measured as follows:
a.
Average annual profit expressed as a percentage of the average funds invested in the project.
b.
Total profits expressed as a percentage of the total funds invested in the project.
c.
Total profits expressed as a percentage of the average funds invested in the project.
d.
Average annual profit expressed as a percentage of the total funds invested in the project
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