A. A firm has $12,900 in receivables and $411,800 in total assets. The total asset turnover rate is 1.95 and the profit margin is 14.2 percent. How long on average does it take the firm to collect its receivables?

Group of answer choices

11.43 days

5.86 days

31.92 days

80.52 days

62.25 days

B. Cross Hairs Gun Shop has sales of $12,189,000, a profit margin of 2.8 percent, and a capital intensity ratio of 0.49. What is the return on assets?

Group of answer choices

2.21 percent

3.89 percent

5.71 percent

3.37 percent

4.32 percent