Question: Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount

Answer the following questions assuming a 360-day year. Required: a. Calculate the approximate annual rate of return on investment of the following cash discount terms: b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the approximate annual rate of return on investment of the following cash discount terms: Note: Do not round intermediate calculations. Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1). ROI 75.3% 1.2/15, net 30 2. 5/10, net 60 73.2% 3. 2/10, net 90 77.3% Required A Required B >

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