A business has an accounts receivable turnover of ten. What is the companys average collection period?

Select one:

36.0

30.8

36.5

34.6

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A company reports net income of $6,000, net sales of $15,000, and average total assets of $24,000. What is the companys return on assets?

Select one:

40.0 percent

62.5 percent

25.0 percent

None of these