Fortune star inc has a net profit margin of 12 an equity, Finance Basics

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Fortune star inc has a net profit margin of 12 an equity

Question: Fortune Star Inc. has a net profit margin of 12%, an equity multiplier (i.e., asset to equity ratio) of 2, sales of $575,000 and a ROE of 17%. What is Fortune Star's total asset turnover? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Fortune star inc has a net profit margin of 12 an equity

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Finance Basics: Fortune star inc has a net profit margin of 12 an equity

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