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Humphrey Hotels operating income (EBIT) is $40 million. The companys times-interest-earned (TIE) ratio is 8.0, its tax rate is 40 percent, and its basic earning

Humphrey Hotels operating income (EBIT) is $40 million. The companys times-interest-earned (TIE) ratio is 8.0, its tax rate is 40 percent, and its basic earning power (BEP) ratio is 10 percent. What is the companys return on assets (ROA)?

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