Magic flutes has total receivables of 3600 which represent, Ask an Expert

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Magic Flutes has total receivables of $3,600, which represent 20 days’ sales. Total assets are $78,000. The firm’s operating profit margin is 5.30%. Find the firm’s sales-to-assets ratio and return on assets. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Sales-to-assets ratio:

Return on assets: ____%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91790000

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