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Calculate the total asset turnover and net profit margin

Response to the following problem:

Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million.

a. Calculate Highgate's total asset turnover and its net profit margin.

b. Find the company's ROA, ROE and book value per share, given that it has a total net worth of $6 million and 500 000 shares outstanding.

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Financial Accounting: Calculate the total asset turnover and net profit margin

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Financial Accounting: Calculate the total asset turnover and net profit margin

Reference No:- TGS02121617

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