Classic Winery had profit of $39,500, net sales of $285,000, and average total assets of$185,700. Its profit margin and total asset turnover were:
A) 13.9%; 21.3.
B) 1.53%; 21.3.
C) 1.53%; 1.53.
D) 13.9%; 1.53.
E) 21.3%; 13.9.
Correct Answer:
Verified
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