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Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Peng Company is considering an
Required Information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Peng Company is considering an investment expected to generate an average net Income after taxes of $2,200 for three years. The Investment costs $57,600 and has an estimated $10,500 salvage value. QS 26-7 Computation of accounting rate of return LO P2 Compute the accounting rate of return for this Investment assume the company uses straight-line depreciation. Accounting Rate of Return Choose Denominator: Choose Numerator: Accounting Rate of Return Accounting rate of return 0 Drop down options are: Accounts Receivable Annual after-tax net income Annual average investment Annual pre-tax income Average total assets Cost of goods sold Current assets Current liabilities Net sales Total Assets
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