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QUESTION 9 Last year, McGinley Company had sales of $7,442 million. If McGinley's net profit margin was 4.3% and its return on assets was 3.7%,

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QUESTION 9 Last year, McGinley Company had sales of $7,442 million. If McGinley's net profit margin was 4.3% and its return on assets was 3.7%, what was McGinley's total assets? a $ 5.841 million b. $ 7.895 million C $8.649 million d. $ 6.404 million QUESTION 10 The following data are taken from the financial statements of the Keating Corporation: Credit sales - $945 Cost of goods sold = $618 Average accounts receivable - $367 Average Inventories = $210 What was Keating's collection period? a. 30 days b. 140 days c. 144 days d. 80 days

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