chambless6751 chambless6751

27-05-2023
Business

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AXY Ltd has BEP (basic earning power) of 0.15 and calculated its TIE (times interest earned) to be 6. Given that it has total assets of equaling $100,000 and is exposed to a tax rate is 40 percent, determine AXY'S ROA (Return on assets) Select one:
a. 0.3451
b. 0.15
c. 0.1324
d. 0.1235
e. 0.075

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