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d. Mushroom Inc. has a net profit margin of 12%, an equity multiplier of 2, sales of RM575,000 and a ROE of 14.5%. What is
d. Mushroom Inc. has a net profit margin of 12%, an equity multiplier of 2, sales of RM575,000 and a ROE of 14.5%. What is Mushroom's total asset turnover? Company X had sales of RM120 and its cost of goods sold is 25% of sales. In addition, X had total other operating expenses of RM50. The company also incurs a 10 percent interest expense on its RM200 debt if the company's tax rate is 40% what is X's net income? [5 marks]
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