P7.14 FigureItOut Pty Ltd has a net profit margin of 8%, a total asset turnover of two

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P7.14 FigureItOut Pty Ltd has a net profit margin of 8%, a total asset turnover of two times, total assets of $1 billion and total equity of $500 million. What were the company’s sales and net profit?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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