A Firm's Net Income Is $315,000 on Sales of $31

Multiple Choice

A firm's net income is $315,000 on sales of $31.5 million. Average assets for the period were $7 million. For the year:

A) margin was 5%, turnover was 1.2, and ROI was 6%.
B) margin was 6%, turnover was 1.5, and ROI was 6%.
C) margin was 4%, turnover was 1.2, and ROI was 4.8%.
D) margin was 1%, turnover was 4.5, and ROI was 4.5%.