Question
Innovations financial statements contain the following information: Price/earnings (P/E) ratio 15 Market price per share $30 Return on ordinary shareholders equity 24% Total liabilities $300
Innovations financial statements contain the following information:
Price/earnings (P/E) ratio 15
Market price per share $30
Return on ordinary shareholders equity 24%
Total liabilities $300 000
Net profit margin 4%
Number of ordinary shares issued 60 000
What is the total asset turnover?
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
3rd Edition
0273688227, 978-0273688228
