Determine a firm's total asset turnover (TAT) if its net profit margin (NPM) is 5 percent, total assets are $8 million, and ROI is 8 percent.

1.6 is the Correct.

Explain on request...

a)1.6

net profit is $640,000 i-e8% of total asset

sales fig is $12,800,000 (N.P margin is5% which is $640,000 so100% would be sale =640000/0.05)

TAT would be1.6 i-e $12,800,000 / $8000,000 

Agree with professionals..................................

Agreed to the experts.................................

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My answer is also option (A) 1.60

ANSWER WILL BE1.6 <<<<<<<<<<<<<<<<<<<<<

>>>>>>>>>>>>   The answer will be1.60