A company had net income of net sales of

Question

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%; 1.73
B. 11.3%; 19.5
C. 1.7%; 19.5
D. 1.7%; 11.3
E. 19.5%; 11.3

Answer

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