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Rick's Travel Service has asked you to help piece together financial information on the firm for the most current year. Managers give you the following
Rick's Travel Service has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales are $8.1 million, total debt is $3.30 million, debt ratio is 60 percent, and ROE is 17.9 percent. Using the above information, calculate Rick's ROA. (Round to 2 decimal places.)
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