Question
Torrid Romance Publishers has total receivables of $2,860, which represents 20 days' sales. Total assets are $71,500. The firm's operating profit margin is 5%. Find
Torrid Romance Publishers has total receivables of $2,860, which represents 20 days' sales. Total assets are $71,500. The firm's operating profit margin is 5%. Find the firm's ROA and asset turnover ratio.(Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
978-0538497909
