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3) Profitability Ratios Bauer Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers

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3) Profitability Ratios Bauer 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 = $55 million, total debt = $25 million, debt ratio = 45%, ROE = 12.5%. Using this information, what is PJ's ROA? (Do not found intermediate steps.)

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