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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 = 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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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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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%