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Horizon Corp has a Net Profit Margin (NPM) of 12.5%. They reported earnings after tax of $875,000. If they had net fixed assets of $3,500,000 and current assets of $1,800,000, what are their fixed asset turnover and total asset turnover ratios?

Horizon Corp has a Net Profit Margin (NPM) of 12.5%. They reported earnings after tax of $875,000. If they had net fixed assets of $3,500,000 and current assets of $1,800,000, what are their fixed asset turnover and total asset turnover ratios?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...
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Horizon Corp has a Net Profit Margin (NPM) of 12.5%. They reported earnings after tax of $875,000. If they had net fixed assets of $3,500,000 and current assets of $1,800,000, what are their fixed asset turnover and total asset turnover ratios?
Transcribed Image Text:Horizon Corp has a Net Profit Margin (NPM) of 12.5%. They reported earnings after tax of $875,000. If they had net fixed assets of $3,500,000 and current assets of $1,800,000, what are their fixed asset turnover and total asset turnover ratios?
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