If a company has net sales of $300,000 and average total assets of $150,000, what is the asset turnover ratio? A) 0.5 B) 2.0 C) 1.0 D) 2.5
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What is the asset turnover ratio?
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- Question No. 16 - Calculate the firm's asset turnover using Dupont analysis if it has a profit margin of 2.7 percent and a return on assets (investment) of 4.3 percent. (Financial Accounting)Need Answer of this General Accounting Question15. Firm A has a total asset turnover ratio of 4.4, a net profit margin of 0.11, and return on equity of 0.15. Its return on assets is a. 0.02 b. 0.07 c. 0.48 d. 0.66