A company has sales of $640,000, net profit after taxes of $23,000, and a total asset turnover of 2.5. What is the return on assets?
A) 3.6%
B) 4.5%
C) 8.1%
D) 9.0%
Answer: D
A company has sales of $640,000, net profit after taxes of $23,000, and a total asset turnover of 2.5. What is the return on assets?
A) 3.6%
B) 4.5%
C) 8.1%
D) 9.0%
Answer: D