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  3. onsider the following information: fy22 $m

onsider the following information: FY22 $m FY21...

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Question

Accounting

onsider the following information:

FY22

$m

FY21

$m
Total assets 19,948 16,000
Finance costs 85 64
Tax expense 1,200 1,020
Profit 2,800 2,380

Required

Calculate, to one decimal place, the return on assets (ROA) % for FY22.

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