
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Transcribed Image Text:Yoshi Corp has a Net Profit Margin (NPM) of 12.2%.
They reported earnings after tax of $725,400. If they
had net fixed assets of $1,800,000 and current assets
of $950,000, what are their fixed asset turnover and
total asset turnover ratios?
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