If Sharpe Products Ltd Has a Asset Turnover Ratio of 2

question 50

Multiple Choice

If Sharpe Products Ltd has a asset turnover ratio of 2 times and a net profit margin of 6.5%, the return on total assets is:

• A) 8.5%.
• B) 13.0%.
• C) 6.5%.
• D) 30.0%.

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Definitions:

Water Available For Use

The quantity of water that is accessible for specific uses, such as agriculture, industry, and domestic purposes.

Usable Water

Water that is safe and suitable for human use, including drinking, cooking, and bathing.

Desalination

The process of removing salt and other minerals from seawater to make it suitable for drinking and irrigation.

Water Evaporation

The process by which water changes from a liquid to a gas or vapor state, playing a critical role in the hydrologic cycle.