Total asset turnover 3 times net profit margin is 10% ans total aaaets is rs.100000 the net profit?
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Net profit = 30,000
Explanation:
Given:
Total asset turnover = 3 times
Net profit margin = 10%
Total assets = 100,000
Net profit = ?
Computation of Net sales:
Total assets turnover = Net sales / Total assets
3 = Net sales / 100,000
3 × 100,000 = Net sales
Net sales = 300,000
Computation of Net profit:
Net profit margin = Net profit / Net sales
10% = Net profit / 300,000
10% × 300,000 = Net profit
Net profit = 30,000
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