Problem $3-19$ Return on Assets $[$LO $2]$

Morimoto, Incorporated, has a profit margin of $7\mathrm{.}05$ percent on sales of $$24,800,000.$ Assume the firm has debt of $$9,800,000$ and total assets of $$16,400,000.$ What is the firm$$s ROA?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$