Ask Question
27 February, 22:29

LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,731. The average book value of the manufacturing equipment that is used is $167,095. What is the accounting rate of return

+5
Answers (1)
  1. 27 February, 22:37
    0
    Accounting rate of return is = 27.37%

    Explanation:

    Accounting rate of return = (Average annual after-tax income) / Average Book value of Equipment)

    Accounting Rate of return = ($45731 / $167095) = 27.37%
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,731. The average book value of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers