Question

Total asset turnover 3 times net profit margin is 10% ans total aaaets is rs.100000 the net profit?

Answer 1

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Answer 2

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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