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Magic Flutes has total receivables of $3,700, which represent 20 days sales. Total assets are $78,500. The firms operating profit margin is 5.35%. Assume a
Magic Flutes has total receivables of $3,700, which represent 20 days sales. Total assets are $78,500. The firms operating profit margin is 5.35%. Assume a 365-day year. What is the firm's sales-to-assets ratio? Note: Round your answer to 2 decimal places. 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.
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