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Given the following information:
sales:48,000,000
CGS:24,000,000
Variable expense:8,000,000
fixed expenses:8,000,000
inventory:6,000,000
account receivable: 3,000,000
other current assets: 4,000,000
fixed assets:10,000,000
1.what is the net profit margin for this firm? 16.67%
2.what is the asset turn over? $2
3.what is the return on assets? 33.34
4.what is the size of total assets used by the firm?
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