8.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 = $56 million, total debt = $26 million, debt ratio = 44%, ROE = 12.6%. Using this information, what is PJ's ROA? (Do not round intermediate steps.)

4.38%

11.44%

12.60%

7.06%