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Magic Flutes has total receivables of $3000, which represents 20 days sales. Average total assetsare $75,000. The firms profit margin is 5 percent. Find the

Magic Flutes has total receivables of $3000, which represents 20 days sales. Average total assetsare $75,000. The firms profit margin is 5 percent. Find the firms return on assets and sales-to assets ratio

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