QUESTION:TORRIDPUBLISHERSROMANCEHAS TOTALRECEIVABLES OF $4,700.00,WHICH REPRESENTS 22.00DAYS' SALES. TOTAL ASSETSARE $23,558.09. THE FIRM'SOPERATING PROFIT MARGINIS 9.06%. FIND THE FIRM'SASSET TURNOVER RATIOAND ROA.

Find Total SalesGiven:Total Receivables = $4,700Days' Sales Outstanding (DSO) = 22 daysFirst, we…

Answered: QUESTION: TORRID PUBLISHERS ROMANCE HAS…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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AMT. Inc.'s net income for this quarter is $500,000. The publicized return on assets (ROA) is 34.5 % . Estimate the firm's total asset to the closet possible. a. $1,500,000 c. $2,450,000 b. $ 1,450,000 d. $2,005,500
14. Briggs Company has operating income of $33,516, invested assets of $133,000, and sales of $478,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin ____ % b. Investment turnover ____ c. Return on investment ____ %
Asset turnover A company reports the following: Sales $724,200 Average total assets 426,000 Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1
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QUESTION: TORRID PUBLISHERS ROMANCE HAS TOTAL RECEIVABLES OF $4,700.00, WHICH REPRESENTS 22.00 DAYS' SALES. TOTAL ASSETS ARE $23,558.09. THE FIRM'S OPERATING PROFIT MARGIN IS 9.06%. FIND THE FIRM'S ASSET TURNOVER RATIO AND ROA.