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Magic Flutes has total receivables of $ 3 , 1 0 0 , which represent 2 0 days' sales. Total assets are $ 7 5

Magic Flutes has total receivables of $3,100, which represent 20 days' sales. Total assets are $75,500. The firm's operating profit
margin is 5.05%. Assume a 365-day year.
a. What is the firm's sales-to-assets ratio?
Note: Round your answer to 2 decimal places.
b. What is the firm's return on assets?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
a. Sales-to-asset ratio
b. Return on assets
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