Multiple Choice
You have the following data for the Fosberg Winery of St Catherines. 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) 3.6%
B) 3.9%
C) 5.7%
D) 6.4%
E) 9.3%
Correct Answer:
Verified
Correct Answer:
Verified
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