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Golden Barn Dairy's total receivables are $6,000 which represents 25 days' sales. The operating profit margin is 7 percent. The firm's total assets amount to
Golden Barn Dairy's total receivables are $6,000 which represents 25 days' sales. The operating profit margin is 7 percent. The firm's total assets amount to $90,000.
a) What is Golden Barn's asset turnover ratio?
b) What is its ROA?
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