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Corp. has earnings before interest and tax (EBIT) amounting to R15 000, and has a times interest earned (TIE) ratio of 6. Total assets are

Corp. has earnings before interest and tax (EBIT) amounting to R15 000, and has a times interest earned (TIE) ratio of 6. Total assets are R100 000. The corporate tax rate is 40%. What is company's return on assets (ROA)

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