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The company's sales revenue forecast for next year is 1.8 million euros. The net profit margin is estimated at 6%. The company's total assets are
The company's sales revenue forecast for next year is 1.8 million euros. The net profit margin is estimated at 6%. The company's total assets are forecasted to be 4.0 million euros. Finally, Debt to equity ratio (D/E) is equal to 1.25. Find the company's approximate ROA?
(Please indicate the answer rounded to nearest whole number without percentage mark. For example for ROA=12.461% or ROA= 0.12461 answer should be entered as 12)
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