Savannah Ltd had $84000 of profit and incurred $16500 in net finance costs during the recently completed

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Savannah Ltd had $84000 of profit and incurred $16500 in net finance costs during the recently completed period. Savannah’s liabilities and owner’s equity total $925000. Assuming a 30 per cent tax rate, calculate the return on assets.

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Accounting Business Reporting For Decision Making

ISBN: 9780730369325

7th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond

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Question Posted: Dec 22, 2022 10:21 AM

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Savannah Ltd had $84000 of profit and incurred $16500 in net finance costs during the recently completed

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Profit after tax and interest 84000 Profit before tax 84000 10070 120000 Profit before tax a...View the full answer

Accounting Business Reporting For Decision Making

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