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Mercer Company Ltd Had a Profit of $100 000 Before

Question 34

Multiple Choice

Mercer Company Ltd had a profit of $100 000 before tax,after deducting $16 000 in interest expense.Mercer's liabilities and equity total $1 000 000.Return on total assets,before finance costs and tax is:


A) 8.4%
B) 10.0%
C) 11.0%
D) 11.6%

Correct Answer:

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