Question: AXY Ltd has BEP (basic earning power) of 0.15 and calculated its TIE (times interest earned) to be 6. Given that it has total assets

AXY Ltd has BEP (basic earning power) of 0.15 and calculated its TIE (times interest earned) to be 6. Given that it has total assets of equaling $100,000 and is exposed to a tax rate is 40 percent, determine AXY'S ROA (Return on assets) Select one: a. 0.3451 b. 0.15 c. 0.1324 d. 0.1235 e. 0.075

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