If a firm has a total asset turnover of 8 times and a


If a firm has a total asset turnover of 8 times and a return on total assets of 15%, its net profit margin must be

a. 1.95%

b. 2.25%

c. 2.05%

d. 1.875%

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Financial Accounting: If a firm has a total asset turnover of 8 times and a
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