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

Question

Quizplus · Accepted Answer

The Answer of 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

A Company Had Net Income of $82,000,net Sales of $781,000,and