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 = $61 million, total debt = $21 million, debt ratio = 49%, ROE = 12.1%. Using this information, what is PJ's ROA? (Do not round intermediate steps.)
6.17%
12.10%
10.29%
4.12%