20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

F5 Jun 2012 Q5(a)

This topic has 1 reply, 2 voices, and was last updated 12 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
August 27, 2012 at 9:55 am #54261
sarahlim
Participant
- Topics: 21
- Replies: 37
Hi, juz confuse why the net profit must times 12?
the stmt only show for Jul and didnt mention this net profit figure is constant for the whole year…
or I missed out something from the text?
August 27, 2012 at 12:26 pm #104706
John Moffat
Keymaster
- Topics: 57
- Replies: 54458
The question asks for the ‘annualised’ ROI.
It does not mean that the net profit will be constant, but it means that instead of expressing it as a monthly percentage, turn it into a yearly (annual) percentage.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.