Multiple Choice
Quick Cement has a return on assets of 8%.If it has $1.5 million in total assets and a total asset turnover of 2, it follows that the firm must have a net profit margin of
A) 4%.
B) 6%.
C) 8%.
D) 12%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Fundamental analysis involves the in-depth study of
Q16: If a firm has an ROA of
Q17: The balance sheet summarizes the company's operations
Q32: The inventory turnover rate for a firm
Q65: Which of the following would be typical
Q72: The statement of cash flows is less
Q91: Industry analysis focuses on the amount spent
Q97: The three steps in determining a stock's
Q117: Which of the following businesses will be
Q124: When dividend payout ratios are higher than