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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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