Question
Torrid Romance Publishers has total receivables of $3,660.00, which represents 24.00 days sales. Total assets are $19,462.41. The firms operating profit margin is 7.69%. Find
Torrid Romance Publishers has total receivables of $3,660.00, which represents 24.00 days sales. Total assets are $19,462.41. The firms operating profit margin is 7.69%. Find the firms asset turnover ratio and ROA. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.)
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
