Snapgram Corporation has a net profit margin of 8%, a total asset turnover of 2.0 times, total

Question:

Snapgram Corporation has a net profit margin of 8%, a total asset turnover of 2.0 times, total assets of $1 billion, and total equity of $500 million. What were the company's sales and net profit?

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. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...