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20. The books of the Monmouth Corporation show the following: Average earnings for 2018 2017 2016 prior 3 years $70,000 $75,000 $78,000 Net tangible assets

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20. The books of the Monmouth Corporation show the following: Average earnings for 2018 2017 2016 prior 3 years $70,000 $75,000 $78,000 Net tangible assets $40,000 $42,000 $50,000 If it is expected that 15% would be normal earning normal earnings on net tangible assets, then the average excess earnings are bous 7510 A. $7,120 B. $8,333 D. $10,800 30 C. $9,800

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