The Full of Bull Cattle Company in Bozo, Nevada purchased an Angus bull for $3,000....
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The Full of Bull Cattle Company in Bozo, Nevada purchased an Angus bull for $3,000. The net cash revenues for the $2,000 investment is shown below with no terminal value. What is the simple rate of return? YEAR Cash revenues $1,000 $1,000 $1,000 $1,000 $1,000 $5,000 -$3,000 $2,000 Total Cash Revenues Less Initial Investment Net Cash Revenues Average Net Revenues/Year $1,000 20.0% 33.3% 10.0% 5.0%
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