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1.6 is the Correct.
Explain on request...
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
Agree with professionals..................................
Agreed to the experts.................................
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My answer is also option (A) 1.60
ANSWER WILL BE1.6 <<<<<<<<<<<<<<<<<<<<<
>>>>>>>>>>>> The answer will be1.60