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Question(s) / Instruction(s):

"A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has debt of $7,500,000, total assets of $22,500,000, and an after-tax interest cost on total debt of 5 percent, what is the firm's ROA?"

  1. 8.40%
  2. 10.90%
  3. 12.00%
  4. 13.30%
  5. 15.10%

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