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You have the following data for the ABC. What is ABC's return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $30,000;
You have the following data for the ABC. What is ABC's return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $30,000; Total asset turnover = 1; Profit margin = 5%; Tax rate = 35%. Select one: a. 5.4% b. 6.0% c. 5.0% d. 3.6% e. 3.9%
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