The earning power of a company can be defined as the product of two factors:
A) net profit margin and total asset turnover.
B) net profit margin and fixed asset turnover.
C) total asset turnover and earnings per share.
D) fixed asset turnover and cash flow per share.
A
Business
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AZ Sales has a total revenue of $318,400, cost of goods sold equal to 72 percent of sales, and a profit margin of 8.1 percent. Net fixed assets are $154,500 and current assets are $89,500. What is the total asset turnover rate?
A. 1.08 B. 1.38 C. 1.30 D. 1.24 E. 1.28
Business
In a principal-agent relationship, amounts collected on behalf of the principal are recorded as revenue by the agent.
a. true b. false
Business