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Fortune Star Inc. has a net profit margin of 12%, an equity multiplier (i.e., asset to equity ratio) of 2, sales of $575,000 and a

Fortune Star Inc. has a net profit margin of 12%, an equity multiplier (i.e., asset to equity ratio) of 2, sales of $575,000 and a ROE of 17%. What is Fortune Stars total asset turnover?

a.

2.1654
b.

3.4081
c.

1.7083
d.

0.7083

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