Home » mcq » accounting » The following accounting information is given by a company Total assets turnover 3 times the net profit margin: 10% Total assets: Rs. 1,00,000. The net profit is
The following accounting information is given by a company Total assets turnover 3 times the net profit margin: 10% Total assets: Rs. 1,00,000. The net profit is
Total assets turnover = Net sales / Average total assets
We are given that the total assets turnover is 3 times the net profit margin, and the net profit margin is 10%. We are also given that the total assets are Rs. 1,00,000.
We can use the formula for total assets turnover to calculate the net