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A Company Had Net Income of $82,000,net Sales of $781,000,and

Question 130

Multiple Choice

A company had net income of $82,000,net sales of $781,000,and average total assets of $300,000.Its profit margin and total asset turnover were respectively:


A) 10.5%; 0.38
B) 10.5%; 2.6
C) 9.52%; 2.6
D) 27.3%; 1
E) 27.3%; 9.52

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