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Torrid Romance Publishers has total receivables of $3,000, which represents 20 days' sales. Total assets are $75,000. Th
Posted: Sat Nov 27, 2021 5:37 pm
by answerhappygod
- Torrid Romance Publishers Has Total Receivables Of 3 000 Which Represents 20 Days Sales Total Assets Are 75 000 Th 1 (69.88 KiB) Viewed 81 times
Torrid Romance Publishers has total receivables of $3,000, which represents 20 days' sales. Total assets are $75,000. The firm's operating profit margin is 5%. 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.) Asset turnover ratio ROA