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1. Profitability Ratios PJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers

1. Profitability Ratios PJ's Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $64 million, total debt = $24 million, debt ratio = 46%, ROE = 12.4%. Using this information, what is PJ's ROA? (Do not round intermediate steps.)

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