Determine a firm's total asset turnover (TAT) if its net profit margin is 5 percent, assets are $8 million, and ROI is 8 percent.
A.) 1.60
B.) 2.05
C.) 2.50
D.) 4.00
Answer: A
Determine a firm's total asset turnover (TAT) if its net profit margin is 5 percent, assets are $8 million, and ROI is 8 percent.
A.) 1.60
B.) 2.05
C.) 2.50
D.) 4.00
Answer: A