Chat with us, powered by LiveChat A retailer has net sales of $500,000, total assets of $1,000,000, and a net profit of $60,000. What is its asset turnover? Describe what asset turnover means using y - EssayAbode

A retailer has net sales of $500,000, total assets of $1,000,000, and a net profit of $60,000. What is its asset turnover? Describe what asset turnover means using y

1)  A retailer has net sales of $500,000, total assets of $1,000,000, and a net profit of $60,000. What is its asset turnover? Describe what asset turnover means using your answer as an example. 

2) A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000.

  • Calculate the following:
    • net profit margin
    • return on assets
    • financial leverage
    • return on net worth

3) Comment on the financial health of this retailer. 

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