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O'Mally Department Stores Is Considering Two Possible Expansion Plans

question 145

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O'Mally Department Stores is considering two possible expansion plans.One proposal involves opening 5 stores in Indiana at the cost of $1,920,000.Under the other proposal,the company would focus on Kentucky and open 6 stores at a cost of $2,500,000.The following information is available:
O'Mally Department Stores is considering two possible expansion plans.One proposal involves opening 5 stores in Indiana at the cost of $1,920,000.Under the other proposal,the company would focus on Kentucky and open 6 stores at a cost of $2,500,000.The following information is available:   The accounting rate of return for the Indiana proposal is closest to A) 10.32%. B) 11.09%. C) 20.83%. D) 10.83%.
The accounting rate of return for the Indiana proposal is closest to


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