A firm has an roe of 5 a debtequity ratio of 06 a tax rate


A firm has an ROE of 5%, a debt/equity ratio of 0.6, a tax rate of 35%, and pays an interest rate of 9% on its debt. What is its operating ROA? (Do not round intermediate calculations.Round your answer to 2 decimal places.)

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Financial Management: A firm has an roe of 5 a debtequity ratio of 06 a tax rate
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