A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.9 percent. Sales were $1,800,000, the total debt ratio was. 33, and total debt was $661,000. What is the return on assets (ROA) ? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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