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Torrid Romance Publishers has a total receivable of $3,020, which represents 20 days' sales. Total assets are $110,230. The firm operating profit margin is 5.1%.
Torrid Romance Publishers has a total receivable of $3,020, which represents 20 days' sales. Total assets are $110,230. The firm operating profit margin is 5.1%.
Find the firm's ROA and asset turnover ratio. (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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