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  3. 3. a corporation paid 13000 lei on corporate tax.

3. A corporation paid 13000 lei on corporate tax. Total assets are in value of...

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3. A corporation paid 13000 lei on corporate tax. Total assets are in value of 200000 lei and the debt ratio equals 40%. The corporate tax rate is 16% and the interest rate on debt is 9%. Compute the earnings before interest and taxes. (a) 91250 lei (b) 98450 lei (c) 88450 lei (d) 81250 lei Le)

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