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Problem 2-1 (Algo) Given the following information: Use Figure 2.3. Categories Values Sales 50,400,000 Cost of goods sold $ 31,500,000 Variable expenses $ 6,300,000 Fixed
Problem 2-1 (Algo) Given the following information: Use Figure 2.3. Categories Values Sales 50,400,000 Cost of goods sold $ 31,500,000 Variable expenses $ 6,300,000 Fixed expenses $ 7,150,000 Inventory $ 9, 150,000 Accounts receivable $ 5,150,000 Other current assets $ 4,150,000 Fixed assets $ 7,150,000 a. What is the net profit margin for this firm? (Round your answer to 2 decimal places.) Net profit margin % b. What is the asset turnover? (Round your answer to 2 decimal places.) Asset turnover c. What is the return on assets? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on assets % d. What is the size of the total assets used by the firm? Total assets
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