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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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