Question
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 = 500,000; Profit margin = 4.5%; Tax rate = 40%.
| a. | 1.8% | |
| b. | 2.4% | |
| c. | 3.0% | |
| d. | 3.6% |
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Fundamentals Of Financial Institutions Management
Authors: Marcia Cornett, Anthony Saunders
1st Edition
0256253676, 9780256253672
