Suppose firm As total asset is $ 55,000, and it earned $ 12,000 of sales and $ 4,600 of net income this year. What is the profit margin of firm A this year? (X) How much does every dollar of As Asset generate the sales? (Y) Choose the correct (X,Y)

I.

(X,Y) = (0.0836, $ 0.3833)

II.

(X,Y) = (0.0836, $ 38.33)

III.

(X,Y) = (0.3833, $ 0.2182)

IV.

(X,Y) = (0.3833, $ 21.82)