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A company's return on asset is 5% and its total asset turnover is 1.25. Its net sales is $600,000 and its operating income is $40,000.
A company's return on asset is 5% and its total asset turnover is 1.25. Its net sales is $600,000 and its operating income is $40,000. If its average tax rate was 40% and its interest income is 20,000.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
