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Return on Assetss

I am having difficulty with this problem.
You have the following data:
return on equity = 15%
earnings before taxes = $30,000
total asset turnover = .80
profit margin = 4.5%
tax rate = 35%
What is the return on assets?

Solution Preview

Profit Margin = EBT/Revenue => Revenue = 30000/0.045 = 666,666.67.
Total asset ...

Solution Summary

You have the following data:
return on equity = 15%
earnings before taxes = $30,000
total asset turnover = .80
profit margin = 4.5%
tax rate = 35%
What is the return on assets?

$2.19