Question: What is the return on assets (ROA)? Return on equity = 7%, Earnings before taxes = $500,000; Total asset turnover = 0.50; Profit margin =

What is the return on assets (ROA)? Return on equity = 7%, Earnings before taxes = $500,000; Total asset turnover = 0.50; Profit margin = 5.0%; Tax rate 30%. Group of answer choices 6.0%. 7.0%. 1.5%. 2.5%. 4.0%

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