Question: Can you solve this general accounting problem with appropriate steps and explanations? XYZ Company has a gross profit margin of 0.30, an operating profit margin

Can you solve this general accounting problem with appropriate steps and explanations?

XYZ Company has a gross profit margin of 0.30, an operating profit margin of 18%, a total asset turnover ratio of 2.0x, and cost of goods sold of $700,000. The company's tax rate is 35%, and it has no debt. Calculate XYZ Company's Return on Assets (ROA)

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