Problemthe rose company has net income of 155850 there are, Ask an Expert

Accounting

Problem:

The Rose Company has net income of $155,850. There are currently 27.85 days' sales in receivables. Total assets are $844,000, total receivables are $146,900, and the debt-equity ratio is .45.

Required:

Question 1: What is the company's profit margin?

Question 2: What is the company's total asset turnover?

Note: Please provide reasons to support your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166026

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