Green Yard Care Has Net Income of $62,300, a Tax

Multiple Choice

Green Yard Care has net income of $62,300, a tax rate of 21 percent, and a profit margin of 6.7 percent. Total assets are $1,100,500 and current assets are $328,200. How many dollars of sales are being generated from every dollar of net fixed assets?

A) $2.83
B) $1.37
C) $.84
D) $1.20
E) $1.23