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7 years ago
Which of the following best describes the profitability index?
A) the ratio of total cash inflows to initial investment
B) the ratio of present value of net cash inflows to initial investment
C) an array of possible investment outcomes at different discount rates
D) an index of projects based on their net income
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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#2
7 years ago
Thanks!
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#3
7 years ago
Excellent Slight Smile
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