A company had net income of net sales of

Question

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

Answer

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