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5. Heres some info for a company: Total assets = $50,000,000 Total liabilities = $20,000,000 Profit margin = 5% Return on equity = 20% What

5. Heres some info for a company: Total assets = $50,000,000 Total liabilities = $20,000,000 Profit margin = 5% Return on equity = 20% What is the companys total asset turnover? A. 1.2 D. 2.0 B. 1.50 E. 2.4 C. 1.6

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