Need help with this question solution general accounting Atlantic Manufacturing has total receivables of $4,800, which represents 30days' sales. The company's total assets are $120,000, and its operating profitmargin is 6.2%. Calculate the company's asset turnover ratio and return onassets (ROA).

Step 1: Definition of Asset Turnover Ratio and Return on Assets (ROA)Asset Turnover Ratio: It…

Answered: Atlantic Manufacturing has total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Atlantic Manufacturing has total receivables of $4,800, which represents 30 days' sales. The company's total assets are $120,000, and its operating profit margin is 6.2%. Calculate the company's asset turnover ratio and return on assets (ROA).