Question $1(4$ points$)$

A firm has net income of $$62,300,$ a tax rate of $21$ percent, and a net profit margin of

$6\mathrm{.}7$ percent. Total assets are $$1,100,500$ and current assets are $$328,200.$ How many

dollars of sales are being generated from every dollar of net fixed assets?

$$2\mathrm{.}83$

$$1\mathrm{.}37$

$$\mathrm{.}84$

$$1\mathrm{.}20$

$$1\mathrm{.}23$