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A firm reported net income from continuing operations of $8,000 during a given fiscal year. Interest expense totaled $900 and this firm is in the
A firm reported net income from continuing operations of $8,000 during a given fiscal year. Interest expense totaled $900 and this firm is in the 32% tax bracket. The firm reported minority interest in earnings of $95. Total assets at the start of the fiscal year was $28,000 and at the end of the fiscal year was $27,850. Calculate the ROA rounded to the nearest whole percentage.
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