Chapter 6: Financial Statement Analysis MCQs

Multiple-Choice Quiz

Chapter 6:   Financial Statement Analysis

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1. 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.

1.60           Correct! = (ROI) / (NPM) = TAT    (.08) / (.05) = 1.6

2.05

2.50

4.00