Shearer Corporation this year ended with the following amounts Interest Exp $1,300 EBIT $10,700 Bonds Payable $10,000 Retained Earnings $11,000 What interest rate would you use to determine Interest Expenses for next year Enter as a percentage, exclude the sign, round to whole number, no decimal place

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Shearer Corporation this year ended with the following amounts: Interest Exp = $1,300 EBIT = $10,700 Bonds Payable = $10,000 Retained Earnings = $11,000 What

Shearer Corporation this year ended with the following amounts:

Interest Exp = $1,300
EBIT = $10,700
Bonds Payable = $10,000
Retained Earnings = $11,000

What interest rate would you use to determine Interest Expenses for next year? Enter as a percentage, exclude the % sign, round to whole number, no decimal place

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