Innovations financial statements contain the following information: Price/earnings (P/E) ratio 15 Market price per share...
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Accounting
Innovations financial statements contain the following information:
Price/earnings (P/E) ratio 15
Market price per share $30
Return on ordinary shareholders equity 24%
Total liabilities $300 000
Net profit margin 4%
Number of ordinary shares issued 60 000
What is the total asset turnover?
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