Multiple Choice
A company had net income of $43,000, net sales of $380,500, and average total assets of $220,000. Its profit margin and total asset turnover were, respectively:
A) 11.3%; 19.5.
B) 11.3%; 1.73.
C) 1.7%; 11.3.
D) 19.5%; 11.3.
E) 1.7%; 19.5.
Correct Answer:
Verified
Correct Answer:
Verified
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