Question
A firm has a total asset turnover ratio of 1.15, and operating profit margin of 5 percent. The net income + aftertax interest is equal
A firm has a total asset turnover ratio of 1.15, and operating profit margin of 5 percent. The net income + aftertax interest is equal to 28,079. What is the Total Assets?
| $488,330 | ||
| $612,322 | ||
| $510,527 | ||
| $501,411 | ||
| $435,143 |
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
