19 Jun 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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