Magic Flutes has total receivables of $4,100, which represent 20 days sales. Total assets are $80,500. The firms operating profit margin is 5.55%. Assume a 365-day year.

a. What is the firm's sales-to-assets ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Sales-to-asset ratio

b. What is the firm's return on assets? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Return on assets