Torrid romance publishers has total receivables of 2820, Ask an Expert

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Torrid Romance Publishers has total receivables of $2,820, which represents 20 days' sales. Total assets are $70,500. The firm's operating profit margin is 6.0%. Find the firm's asset turnover ratio and ROA. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Asset turnover ratio ROA %

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9796693

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