Question
Torrid Romance Publishers has total receivable of $ 2,940, which represents 20 days sales. Total asset are $76,650. The firms operating profit margin is 4.9%.
Torrid Romance Publishers has total receivable of $ 2,940, which represents 20 days sales. Total asset are $76,650. The firms operating profit margin is 4.9%. Find the firm's ROA and asset turnover ratio. round your final answer to 2 decimal places.
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
