Numerator/denominator options: annual after-tax, annual average investment, annual pre-tax average total assets, cost of goods sold, current assets, current liabilities, investment, net sales, total assets, annual receivable

Numerator/denominator options: annual after-tax, annual average investment, annual pre-tax average total assets, cost of goods sold, current assets, current liabilities, investment, net sales, total assets, annual receivable Peng Company is considering an investment expected to generate an average net income after taxes of $1,950 for three years. The investment costs $45,000 and has an estimated $6000 salvage value. Compute the accounting rate of return for this investment assume the company uses straight-line depreciation