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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 $ which represent days' sales. Total assets are $ The firm's operating profit
margin is Assume a day year.
a What is the firm's salestoassets ratio?
Note: Round your answer to 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 decimal places.
a Salestoasset ratio
b Return on assets
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