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Torrid Romance Publishers has total receivables of $3,140, which represents 20 days sales. Total assets are $114,610. The firms operating profit margin is 5.6%. Find
Torrid Romance Publishers has total receivables of $3,140, which represents 20 days sales. Total assets are $114,610. The firms operating profit margin is 5.6%.
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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