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20. Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning
20. Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and its return on assets (ROA) was 9 percent. What was the companys interest expense? a. $ 0 b. $ 2,000,000 c. $ 6,000,000 d. $15,000,000 e. $18,000,000
20. Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 15 percent and its return on assets (ROA) was 9 percent. What was the companys interest expense?
a. $ 0
b. $ 2,000,000
c. $ 6,000,000
d. $15,000,000
e. $18,000,000
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