Question
Torrid Romance Publishers has total receivables of $3,080, which represents 20 days sales. Total assets are $80,300 the firm operating profit margin is 5.3%. Find
Torrid Romance Publishers has total receivables of $3,080, which represents 20 days sales. Total assets are $80,300 the firm operating profit margin is 5.3%. Find the firm ROA andasset turnover ratio.(Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
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