Suppose Phil's Fisheries (PF)has a total asset turnover ratio of 1.90 and a return on total assets of 7.20%.What is PF's net profit margin?
A)3.79
B)13.68
C)9.10
D)None of the above

Name: Suppose Phil's Fisheries (PF)has a total asset turnover ratio of 1.90 and a return on total assets of 7.20%.What is PF's net profit margin? A)3.79 B)13.68 C)9.10 D)None of the above
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Question

Quizplus · Accepted Answer

The net profit margin is calculated by dividing the return on total assets by the total asset turnover ratio. So, 7.20% / 1.90 = 3.79%.

Suppose Phil's Fisheries (PF)has a Total Asset Turnover Ratio of 1.90