Multiple Choice
What is the net profit margin for TJX Inc. if the current ratio = 2; total asset turnover =1.5; total assets = $100,000; and EBIT = $30,000? Assume the marginal tax rate for TJX is 40% and that interest expenses are $10,000.
A) 20%
B) 8%
C) 12%
D) 6%
Correct Answer:
Verified
Correct Answer:
Verified
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