Question
16. 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.
16. 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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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
