What Is the Net Profit Margin for TJX Inc

question 68

Multiple Choice

What is the net profit margin for TJX Inc. if the current ratio = 2; total asset turnover =1.5; total assets = $100,000; and EBIT = $30,000? Assume the marginal tax rate for TJX is 40% and that interest expenses are $10,000.

• A) 20%
• B) 8%
• C) 12%
• D) 6%

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