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Compute the ROA for Year four

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Question - Raleigh Manufacturing reported net income of $1,166 on sales of $5,520 for Year 4. Interest expense before taxes was $75. The tax rate was 30%, Average total assets were $7,135, and average common shareholders' equity was $3,405. The firm did not have preferred stock outstanding. Compute the ROA for Year 4.

Reference no: EM133075079

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