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WILL RATE. Sales = 6 million, Net Profit Margin = 12%, Inventory Turnover = 7, Day Sales Outstanding = 32, COGS = 3.85 million, Fixed
WILL RATE.
Sales = 6 million,
Net Profit Margin = 12%,
Inventory Turnover = 7,
Day Sales Outstanding = 32,
COGS = 3.85 million,
Fixed Assets = 725,000,
Payables Deferal Period = 55
If the company wants to have an Inventory Turnover of 9, what will the firm's Return On Assets (ROA) be?
Please show your work and explain your logic.
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