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) 4.5%.
B) 9.0%.
C) 3.6%.
D) 8.1%.

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The Answer of 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) 4.5%.
B) 9.0%.
C) 3.6%.
D) 8.1%.

A Company Has Sales of $640,000, Net Profit After Taxes