You Have the Following Data for the Fosberg Winery of St

question 408

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%

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