Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total assets are $8 million, and ROI is 8 percent.

Question

1.60

2.05

2.50

4.00

Muhammad Ramzan Tufail ACCA · Answer

1.6 is the Correct.

Explain on request...

Syed Zulfiqar Ali Bukhari · Answer

a)1.6

net profit is $640,000 i-e8% of total asset

sales fig is $12,800,000 (N.P margin is5% which is $640,000 so100% would be sale =640000/0.05)

TAT would be1.6 i-e $12,800,000 / $8000,000

Bello Abubakar · Answer

Agree with professionals..................................

Nasir Hussain · Answer

Agreed to the experts.................................

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Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

My answer is also option (A) 1.60

khaled elkholy · Answer

1. Is right answer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Mir Mujtaba Ali · Answer

total asset turnover (TAT) =1.6

Wasi Rahman Sheikh · Answer

ANSWER WILL BE1.6 <<<<<<<<<<<<<<<<<<<<<

Emad Mohammed said abdalla · Answer

>>>>>>>>>>>> The answer will be1.60