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Corporation has sales of $40,000,000, a net profit margin of 8 percent, return on total assets of 16 percent, and a total asset turnover of
Corporation has sales of $40,000,000, a net profit margin of 8 percent, return on total assets of 16 percent, and a total asset turnover of 2. What is Corporations total assets?
- A. $30,000,000
- B. $20,000,000
- C. $15,000,000
- D. $10,000,000
- E. $25,000,000
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