SIE Exam Practice Question 198

Question: 198

Net profit after taxes:	$18,000	Stockholder's Equity:	$170,000
Total revenues:	$615,000	Preferred dividends:	$5,000
Total assets:	$340,000	Number of common shares outstanding:	3,800
Current assets:	$280,000	Current liabilities:	$85,000
Earnings per share:	$4.75	Market price:	$49.50

What is the return on assets (ROA)?

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