Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total

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Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total assets are $8 million, and ROI is 8 percent.

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Question Posted: May 23, 2013 04:46 AM

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Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total

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Intermediate Financial Management

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