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mantparn mantparn
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6 years ago
Tim purchased a bounce house one year ago for $6,500. During the year it generated $4,000 in cash flow. If Time sells the bounce house today, he could receive $6,100 for it. What would be his rate of return under these conditions?
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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Realized return =   = 55.38%
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mantparn Author
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#2
6 years ago
Whoa I needed this Smiling Face with Open Mouth
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