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A company had net income of $48,500, net sales of $653,730, and average total assets of $231,000. Its profit margin and total asset turnover were,
A company had net income of $48,500, net sales of $653,730, and average total assets of $231,000. Its profit margin and total asset turnover were, respectively: |
21.00%; 7.42.
7.42%; 21.00.
2.83%; 7.42.
2.83%; 21.00.
7.42%; 2.83.
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