Need answered ASAP!!!
1) Total Asset Turnover = 2.0 and Return on Assets = 18%. Compute Net Profit Margin:
Biff Industries has an operating profit of $4,800,000, paid $290,000 in interest expense. The applicable income tax rate for the year was 33%. The company had 415,000 shares of common stock outstanding at the end of last year. What was Biff’s EPS last year? The company has no preferred stock.
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