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QUESTION 9 AJ's Massage has asked you to help calculate the firm's ROA for the most current year. Managers give you the following information: sales

QUESTION 9
AJ's Massage has asked you to help calculate the firm's ROA for the most current year. Managers give you the following information: sales =$50 million, total debt =$20 million, debt ratio =40 percent, and ROE =15 percent. Using this information, what is A J's ROA?
3 percent
9 percent
6 percent
12 percent
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