At the start of the year, Noel's time deposit has a balance of P250,000, At the end of the year, the account has a balance of P280,000. There are no additional deposits and there are no drawings during the year. How much is the return on capital?

At the start of the year, Noel's time deposit has a balance of P250,000, At the end of the year, the account has a balance of P280,000. There are no additional deposits and there are no drawings during the year. How much is the return on capital?

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter16: Financial Planning And Forecasting

Section: Chapter Questions

Problem 3P: AFN EQUATION Refer to Problem 16-1 and assume that the company had 3 million in assets at the end of...

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