Answered: In a business with an asset turnover…

In a business with an asset turnover rate of 2, the return on assets rate is 30% and the net profit is 60,000 TL. Accordingly, how many TL are the net sales of the business?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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In a business with an asset turnover rate of 2, the return on assets rate is 30% and the net profit is 60,000 TL. Accordingly, how many TL are the net sales of the business?

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