A company had net income of $80,000, net sales of $600,000, and total assets of $400,000. Its

Question:

A company had net income of $80,000, net sales of $600,000, and total assets of $400,000. Its profit margin and total asset turnover are:

Profit Margin Total Asset Turnover

a. 1.5% 13.3

b. 13.3% 1.5

c. 13.3% 0.7

d. 7.0% 13.3

e. 10.0% 26.7.AppendixLO1

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Muhammad Salman Alvi

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