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A company had net income of $48,000, net sales of $380,000, and average total assets of $280,000. Its profit margin and total asset turnover were

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A company had net income of $48,000, net sales of $380,000, and average total assets of $280,000. Its profit margin and total asset turnover were respectively: 96 Skipped Multiple Choice 1.36%; 0.17. 12.63%; 0.17 1.97%; 1.36 1.36%; 12.63. 12.63%; 1.36

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