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Beckinsale, Inc., has a profit margin of 7.05 percent on sales of $24,800,000. Assume the firm has debt of $9,800,000 and total assets of $16,400,000.
Beckinsale, Inc., has a profit margin of 7.05 percent on sales of $24,800,000. Assume the firm has debt of $9,800,000 and total assets of $16,400,000. What is the firms ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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