Please explain this financial accounting problem with accurate financial standards. Vertex Electronics had the following 2023 financial statement relationships:MetricAsset TurnoverValue2.5Profit Margin on Sales 0.06What was Vertex Electronics' percentage return on assets (ROA) in 2023?a) 0.15%b) 1.5%c) 6.0%d) 15.0%

Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…

Answered: Vertex Electronics had the following…

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Vertex Electronics had the following 2023 financial statement relationships: Metric Asset Turnover Value 2.5 Profit Margin on Sales 0.06 What was Vertex Electronics' percentage return on assets (ROA) in 2023? a) 0.15% b) 1.5% c) 6.0% d) 15.0%