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1. Which of the following statements is incorrect? a. The net operating profit after taxes (NOPAT) = EBIT / (1 - Tax Rate). b. In
1. Which of the following statements is incorrect?
a. The net operating profit after taxes (NOPAT) = EBIT / (1 - Tax Rate).
b. In general, higher fixed asset turnover ratios indicate more efficient usage of the assets and are therefore preferred to lower ratios.
c. Times Interest Earned = EBIT / Interest Expense.
d. Operating Profit Margin = Net Operating Profit / Sales.
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