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Morimoto, Incorporated, has a profit margin of 6 . 4 percent on sales of $ 2 2 , 2 0 0 , 0 0 0

Morimoto, Incorporated, has a profit margin of 6.4 percent on sales of $22,200,000. Assume the firm has debt of $8,500,000 and total assets of $15,100,000. What is the firms ROA?
Note: 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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