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You have the following data for the Fosberg Winery. What is Fosberg's return on assets (ROA)=? Return on equity = 15%; Earnings before taxes =

You have the following data for the Fosberg Winery. What is Fosberg's return on assets (ROA)=?

Return on equity = 15%; Earnings before taxes = $30,000; Total asset turnover= 0.80; Profit margin = 4.5%; Tax rate = 35%.

A)5.7%

B)6.4%

C)3.9%

D)9.3%

E)3.6%

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