A Company Had Net Income of $43,000, Net Sales of $380,500

question 49

Multiple Choice

A company had net income of $43,000, net sales of $380,500, and average total assets of $220,000. Its profit margin and total asset turnover were, respectively:

• A) 11.3%; 1.73.
• B) 11.3%; 19.5.
• C) 1.7%; 19.5.
• D) 1.7%; 11.3.
• E) 19.5%; 11.3.

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Definitions:

Attribution Process

The cognitive process through which individuals interpret and assign causes or reasons to their own and others' behavior.

Person Perception

The process of forming impressions and making judgments about other people's traits and characteristics.

Impression Management

The practice of consciously making efforts to control or influence the perceptions of others about a person, object, or event.

Self-Promotion

The act of marketing oneself to others to improve visibility, credibility, and career opportunities.