Torrid Romance Publishers has total receivables of $2,300.00, which represents 24.00 days’ sales. Total assets are $7,197.36. The firm’s operating profit margin is 4.53%. 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 %

Torrid Romance Publishers has total receivables of $2,300.00, which represents 24.00 days’ sales. Total assets are $7,197.36. The firm’s operating profit margin is 4.53%. 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 %

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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