Question: Question 2 - Operating Return on Assets Analysis (10 points) Jse the following information for ABC company to answer the questions below. Sales = $

Question 2 - Operating Return on Assets Analysis (10 points) Jse the following information for ABC company to answer the questions below. Sales = $ 12,000,000 Total assets = 5,000,000 Operating profit margin = 12.00% a. What was ABC's total asset turnover last year? b. What was the company's operating return on assets last year? c. If next year's goal for total asset turnover is 3.5, how much must sales rise ($ and %), ceteris paribus, for the goal to be achieved? Dollars = Percentage d. If the company's operating profit margin remains unchanged for next year and the total asset turnover goal is achieved, what will the operating return on assets be next year? =
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