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Check my work Peng Company is considering buying a machine that will yield income of $1,950 and net cash flow of $14,950 per year for
Check my work Peng Company is considering buying a machine that will yield income of $1,950 and net cash flow of $14,950 per year for three years. The machine costs $45,000 and has an estimated $6,000 salvage value. Compute the accounting rate of return for this investment. Accounting Rate of Return Numerator: Denominator: = Accounting Rate of Return Annual income / Average investment = Accounting rate of return 0
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