Torrid romance publishers has total receivables of 2960, Ask an Expert

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Torrid Romance Publishers has total receivables of $2,960, which represents 20 days’ sales. Total assets are $74,000. 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 ______%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92858011

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