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12. Skrit Corporation has a net profit margin of 15% and a total asset turnover of 1.7 . What is Skrit's return on total assets? A) 12.3% B) 25.5% C) 8.8% D) 11.1% Answer: B 13. Heavy Load, Inc. has sales of $3,450,000, total assets of $1,240,000, and total liabilities of $275,000, which consist strictly of notes payable. The firm's operating profit margin is 16.1%, and it pays a 10% rate of interest on its notes payable. How much is the firm's timesinterest-earned? A) 15.6 B) 45.3 C) 20.2 D) 3.0 Answer: C