If the firm has an asset turnover ratio of 40 times what is


Neon Light Company has $1,190,000 in assets and $692,000 of debt. It reports net income of $113,000.
What is the return on the assets?
What is the return on the stockholders' equity?
If the firm has an asset turnover ratio of 4.0 times, what is the profit margin (return on sales)?

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Finance Basics: If the firm has an asset turnover ratio of 40 times what is
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