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Accountancy (Phase -I & II)

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Net Profit Margin- 5% Total Assets- 90,00,000 ROA- 9% Calculate – Total Assets Turnover Ratio

Explanation:

Profit = 9% of 90,00,000 = 810000 Profit given in %age = 5% So, 5% profit (as a percentage of turnover) = 810,000 This gives us turnover as 16200000 Now, total asset to turnover ratio = turnover / total asset = 16200000/ 9000000 = 1.8

By: Parvesh Mehta

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