Megan Thee Stallion Stable Co.

A. Income Statement

Sales	$1,000
Operating Expenses	$320
Net Operating Income	$680
Interest Expense	$30
Tax Expense	$120
Net Income	$530

	Beginning Balance	Ending Balance
Total Operating Assets	$2,063	$7,030

Compute Megan Thee Stallion Stable Company's Asset Turnover for last year.

Round your answer to 2 d.p.

B. Using the information from previous table, what is Megan Thee Stallion Stable Company's margin?

Round your answer to 2 d.p.

Group of answer choices

A)78%

B)22%

C)53%

D)68%