QUESTION 27: A company’s BEP is 22%. If the balance sheet shows total assets of $45,300,000,...
QUESTION 27: A company’s BEP is 22%. If the balance sheet shows total assets of $45,300,000, determine the firm’s operating profit.
|
$13,003,000 |
||
|
$5,512,000 |
||
|
$14,387,000 |
||
|
$9,966,000 |
||
|
none of these |
Homework Answers
Given,
BEP (Basic Earning Power) = 22%
Total assets = $45300000
Solution :-
Firm's operating profit = total assets x BEP
= $45300000 x 22% = $9966000
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