15. A firm's return on common equity 5 points was 35%, its equity multiplier was...
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15. A firm's return on common equity 5 points was 35%, its equity multiplier was 1.75. Its sales were $280,000, and its total assets were $140,000. What was the amount of the firm's earnings before interest and taxes (EBIT), if the tax rate was 30%, and the interest expense was $10,000?* $28,000 $40,000 $50,000 $80,000 None of the above
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