Question
Torrid Romance Publishers has total receivables of $3,180, which represents 20 days' sales. Total assets are $77,380. The firm's operating profit margin is 6.2%. Find
Torrid Romance Publishers has total receivables of $3,180, which represents 20 days' sales. Total assets are $77,380. The firm's operating profit margin is 6.2%. 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.)
a. asset turnover ratio
b. ROA
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
