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If a company has an return on net operating assets (RNOA) of 12.5%, a gross profit margin of 60%, an operating profit margin after tax
If a company has an return on net operating assets (RNOA) of 12.5%, a gross profit margin of 60%, an operating profit margin after tax of 10%, and a cost of goods sold (COGS) of $500,000, what is its asset turnover ratio assuming all calculations are based on end-of-year balances?
1. | 0.750 | |
2. | 1.250 | |
3. | 0.833 | |
4. | 0.800 |
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