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10. LSP Manufacturing recently reported Net income of $350,000, Interest expense $112,000. It has ROA of 8% and it fall in the 30% tax bracket.
10. LSP Manufacturing recently reported Net income of $350,000, Interest expense $112,000. It has ROA of 8% and it fall in the 30% tax bracket. The Basic earning power (BEP) of the company is: a) 8.00% b) 12.05% c) 13.98% d) 15.89% e) None of the above
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
