Question: If a company has an return on net operating assets (RNOA) of 12.5%, a gross profit margin of 60%, an operating profit margin after tax

If a company has an return on net operating assets (RNOA) of 12.5%, a gross profit margin of 60%, an operating profit margin after tax of 10%, and a cost of goods sold (COGS) of $500,000, what is its asset turnover ratio assuming all calculations are based on end-of-year balances?

	1.	0.833
	2.	0.750
	3.	1.250
	4.	0.800

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