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Profitability Ratios PJ’s Ice Cream Parlor has asked you

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Profitability Ratios
PJ’s 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 = $65 million, total debt = $25 million, debt ratio = 45%, ROE = 12.5%. Using this information, what is PJ’s ROA? (Do not round intermediate steps.)

 
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