can anyone solve this question???
Q Determine firm's total assets turn over if its net profit margin is 5%, total assets are 8 million and return on equity 8%, so can you determine the firm's total asset turn over???
This is related to DuPont Indentity
ROE = Profit Margin (Profit/Sales) * Total Asset Turnover (Sales/Assets) * Equity Multiplier (Assets/Equity)
nice AAmir good now let me check if there is correct answer.