Huntsinger SE has net income of 12.76 million and net revenue of 88 million in 2020. Its
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Huntsinger SE has net income of €12.76 million and net revenue of €88 million in 2020. Its assets are €14 million at the beginning of the year and €18 million at the end of the year. What are Huntsinger’s (a) asset turnover and (b) profit margin?
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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