Question
A project has the following net profit after tax set out below. The average book value of the assets in the project is 131,247. What
A project has the following net profit after tax set out below. The average book value of the assets in the project is 131,247. What is the accounting rate of return of this project? Enter your final answer in decimals to four decimal places (e.g., if your answer is 5.55%, then enter 0.0555).
| Year | Net Profit After Tax |
| 1 | 5,776 |
| 2 | 7,598 |
| 3 | 8,106 |
| 4 | 10,035 |
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
