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What was the company-s interest expense

Russell Securities has $100 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power (BEP) ratio was 15% and its return on assets (ROA) was 9%. What was the company's interest expense?

A. $ 0

B. $ 2,000,000

C. $ 6,000,000

D. $15,000,000

E. $18,000,000

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What was the company-s interest expense

Reference No:- TGS0551802

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: What was the company-s interest expense

Reference No:- TGS0551802

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