3) Profitability Ratios Bauer Ice Cream Parlor has asked you to help piece together financial...
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Accounting
3) Profitability Ratios Bauer Ice Cream Parlor has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $55 million, total debt = $25 million, debt ratio = 45%, ROE = 12.5%. Using this information, what is PJ's ROA? (Do not found intermediate steps.)
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