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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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