Vanguard Innovations Inc. has total receivables of $5,400, which represents 30 days' sales. Total assets are $90,000. The firm's operating profit margin is 8.0%. Find the firm's asset turnover ratio and ROA.
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- Keller Cosmetics maintains an operating profit margin of 5.0% and asset turnover ratio of 3.0. What is its ROA? (Round your answer to 2 decimal places.)Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the return on assets is 10.5%. What is the profit margin? Right AnswerBriggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600. 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 %
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