Multiple Choice
A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively:
A) 13.3%; 1.5.
B) 13.3%; 0.2.
C) 1.5%; 0.2.
D) 2.0%; 1.5.
E) 1.5%; 13.3.
Correct Answer:
Verified
Correct Answer:
Verified
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