Bunny Hip and Hop Brewery has $1,040,000 in assets and $643,000 of debt. It reports net income of $193,000.

Bunny Hip and Hop Brewery has $1,040,000 in assets and $643,000 of debt. It reports net income of $193,000.

a. What is its ROA? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

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Return on asset