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The Fontenot Company has $ 100 million in total assets and its corporate tax rate is 20 percent . The company recently reported that its
The Fontenot Company has $ 100 million in total assets and its corporate tax rate is 20 percent . The company recently reported that its basic earning power ( BEP ) ratio was 12 percent and that its return on assets ( ROA ) was 8 percent What was the company's interest expense ? Assume that the company does not have any preferred stocks (PS = 0)
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