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20. The books of the Monmouth Corporation show the following: Average earnings for prior 3 years Net tangible assets 2016 $78,000 $50,000 2018 $70,000 $40,000

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20. The books of the Monmouth Corporation show the following: Average earnings for prior 3 years Net tangible assets 2016 $78,000 $50,000 2018 $70,000 $40,000 2017 $75,000 $42,000 If it is expected that 15% would be normal earnings on net tangible assets, then the average excess earnings are A. $7,120 B. $8,333 C. $9,800 D. $10,800 A bueine

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