(Answered) Beckinsale inc has a profit margin of 69 percent on sales

Finance

Beckinsale, Inc., has a profit margin of 6.9 percent on sales of $24,200,000. Assume the firm has debt of $9,500,000 and total assets of $16,100,000.

Required:

What is the firm's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

ROA _______%

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