Monty Company Ltd had $68 000 of profit and incurred $9500 in net finance costs during the

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Monty Company Ltd had $68 000 of profit and incurred $9500 in net finance costs during the recently completed period. Monty's liabilities and owner's equity total $985 000. Assuming a 30 per cent tax rate, calculate the return on assets.
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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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