Net profit is your company's net sales minus all business expenses.
Solution:
Total asset turnover=sales/Total assets
Sales=(1.7*1.1)=$1.87billion
Net profit margin=net profit/sales
Hence net profit = (1.87*11.6%)=$0.21692billion.
Net sales or net sales is the money you make from doing business with your customers. Net profit is profit. It is what remains after considering all income expenses profits losses taxes and other obligations. Net income is the amount your business earned after deducting all operating interest, and tax expenses for a period of time. To arrive at this value we need to know the company's gross margin. If the net profit value is negative, it is said to have a net loss. Net income is gross profit minus operating expenses and taxes. You can also think of it as total income minus all expenses.
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