Reduce All Fractions to Their Simplest Forms

question 1

Short Answer

Reduce all fractions to their simplest forms. Convert all improper fractions to mixed numbers. Provide answers in the following format:
Fraction: 3/4
Mixed number: 1 5/8
-Add dimensions A and B, and then express the answer as a fraction.

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Definitions:

Accounting Rate of Return

This is a financial ratio used to estimate the profitability of an investment, calculated by dividing the average annual accounting profit by the initial investment cost.