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?© BrainMass Inc. brainmass.com June 4, 2020, 4:00 am ad1c9bdddf
The solution gives detailed steps on calculating the accounting rate of return if the after-tax income and value of equipment are given. All the formula and calculations are shown and explained.