What was the company interest expense

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Reference no: EM131349066

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

Reference no: EM131349066

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What was the company interest expense : 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 th..

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