Evergreen Books Inc. has total receivables of $3,250, which represents 22 days' sales. The company's total assets are $85,000. The firm's operating profit margin is 5.5%. Find the firm's asset turnover ratio and ROA (Return on Assets).

Evergreen Books Inc. has total receivables of $3,250, which represents 22 days' sales. The company's total assets are $85,000. The firm's operating profit margin is 5.5%. Find the firm's asset turnover ratio and ROA (Return on Assets).

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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Find the firm's asset turnover ratio and ROA of this financial accounting question

Evergreen Books Inc. has total receivables of
$3,250, which represents 22 days' sales. The
company's total assets are $85,000. The firm's
operating profit margin is 5.5%.
Find the firm's asset turnover ratio and ROA
(Return on Assets).

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