Find sales-to-assets ratio and return on assets
Problem: Using Excel, show all formulas to the following: Total receivables is 3,000, which represent 20 days' sales, average total assets 75,000, profit margin 5%. Find sales-to-assets ratio and return on assets.
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Total receivables is 3,000, which represent 20 days' sales, average total assets 75,000, profit margin 5%. Find sales-to-assets ratio and return on assets.
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