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What was the company interest expense

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Reference no: EM132929522

Problem 1: Syarikat Sekuriti Juita has RM100 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power ratio (EBIT/Total Asset) was 15% and its return on assets (Net Income/ Total Assets) was 9%. What was the company's interest expense?

Select one:

a. RM15,000,000

b. RM 0

c. RM 2,000,000

d. RM 6,000,000

Reference no: EM132929522

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