Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $110,000 (all on credit), and it earned a net profit of 6%. Its inventory turnover was 7.58025 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $121,284. The firm had fixed assets totaling $25,000. Strickler's payables deferral period is 40 days. Assume 365 days in year for your calculations. Do not round intermediate calculations.

Calculate its ROA. Round your answer to two decimal places.

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