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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
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Answer #1

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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