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In the most recent year, Byron Bay Events financial statements reported net profit of $70,000 after deducting interest expense of $20,000 and income tax of
In the most recent year, Byron Bay Events financial statements reported net profit of $70,000 after deducting interest expense of $20,000 and income tax of $30,000.The company' liabilities are $400,000 and its owner's equity is $800,000. What is the hotel's return on total assets, before interest and tax?
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