2007-01-29 14:09:51 · 2 answers · asked by bob d 1 in Business & Finance ➔ Other - Business & Finance
What is its asset turnover ratio? Round answer to one decimal place. Example 2.3 or 0.7
2007-01-29 14:16:38 · update #1
Profit Margin = NI/Sales
Return on Assets = NI/Assets
Asset turnover = Sales/Assets
So PM/ROA = (NI/Sales) / (NI/Assets) or (NI/Sales) * (Assets/NI)
Net income will cancel out leaving us with Sales/Assets, or Turnover
so,
.22/.12 = 1.83
2007-01-29 15:56:08 · answer #1 · answered by MagicalMke 4 · 1⤊ 0⤋
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2016-12-17 05:29:37 · answer #2 · answered by Erika 3 · 0⤊ 0⤋