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Homemade Marmalade (MM) makes delicious jams and preserves and sells the products nationwide. Marmalades total receivables, representing 28 days sales, amount to $4,350. The firms

Homemade Marmalade (MM) makes delicious jams and preserves and sells the products nationwide. Marmalades total receivables, representing 28 days sales, amount to $4,350. The firms total assets are $82,000 and its operating profit margin (the highest in the homemade preserves segment of cottage industries) is 6.25%. What is (a) Marmalades ROA and (b) asset turnover ratio?

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