Magic Flutes has total receivables of $3,000, which represent 20 days' sales. Total assets are $75,000. The

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Magic Flutes has total receivables of $3,000, which represent 20 days' sales. Total assets are $75,000. The firm's operating profit margin is 5%. Find the firm's sales-to-assets ratio and return on assets.

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Principles of Corporate Finance

ISBN: 978-1259144387

12th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Nov 04, 2016 10:23 AM

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Magic Flutes has total receivables of $3,000, which represent 20 days' sales. Total assets are $75,000. The

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Principles of Corporate Finance

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