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