Financial Accounting

1) A retailer has net sales of $500,000, total assets of $1,000,000, and a net profit of $60,000. What is its asset turnover? Describe what asset turnover means using your answer as an example.

2) A retailer has these financial results: current assets, $500,000; fixed assets, $1,000,000; current liabilities, $520,000; fixed liabilities, $920,000; net sales, $8,000,000; and net profit, $120,000.

Calculate the following:
net profit margin
return on assets
financial leverage
return on net worth
3) Comment on the financial health of this retailer.