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Exercise #6. 50 points. Company B discloses the following information: Return on net operating assets = 10 percent Net operating profit after taxes = 500,000

Exercise #6. 50 points. Company B discloses the following information: Return on net operating assets = 10 percent Net operating profit after taxes = 500,000 Revenue = 3,000,000 Equity = 2,000,000. Please calculate Company B's operating asset turnover Note: you may obtain the answer by rewriting the alternative Du Pont (textbook) system equations, given in Slides 24-26 of the class presentation for Ch5.

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