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Pls help to explain how to get answer C. Thanks Company B discloses the following information: -Return on net operating assets = 10 percent -Net
Pls help to explain how to get answer C. Thanks
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
Company B's operating asset turnover is
A.Between 40 and 49.9 percent
B.Between 50 and 59.9 percent
C. Between 60 and 69.9 percent
D. Between 70 and 79.9 percent
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