Danson iron works inc manufactures angular contact ball, Ask an Expert

Accounting

Danson Iron Works, Inc., manufactures angular contact ball bearings for pumps that operate in harsh environments. If the company invested $2.4 million in a process that resulted in profits of $760,000 per year for 5 years, what rate of return did the company make on its investment?

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Accounting Basics, Accounting

Category:- Accounting Basics
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