Question
Kaleb's Karate Supply had a profit margin of 8.5 percent, sales of $16 million, and total assets of $6.8 million. What was total asset turnover?
Kaleb's Karate Supply had a profit margin of 8.5 percent, sales of $16 million, and total assets of $6.8 million. What was total asset turnover? If management set a goal of increasing total asset turnover to 2.75 times, what would the new sales figure need to be, assuming no increase in total assets?
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
