Determining total asset turnover and return on equity ratios
Given the following information for Tandoori Grill Restaurant, calculate its total asset turnover and return on equity ratios:
Net profit margin 8%
Return on total assets 15%
Debt ratio 30%
1.875; 15.34%
1.875; 21.43%
2.000; 26.67%
3.750; 26.67%
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