Monosodium glutimate corporation has 90 million in total, Ask an Expert

Finance

Monosodium Glutimate Corporation has $90 million in total assets and its corporate tax rate is 40 percent. The company recently reported that its basic earning power (BEP) ratio was 20 percent and its return on assets (ROA) was 9 percent. What was the company’s interest expense?

$5.5 million

$2.3 million

$4.5 million

$8.9 million

none of the above

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92102628

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