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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

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Answer:

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%

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