A Company Had Net Income of $40,000, Net Sales of $300,000

question 178

Multiple Choice

A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total asset turnover were respectively:

• A) 13.3%; 1.5.
• B) 13.3%; 0.2.
• C) 1.5%; 0.2.
• D) 2.0%; 1.5.
• E) 1.5%; 13.3.

Understand the concept and importance of sustainable practices in organizational buying.

Identify different types of service businesses within the industrial market.

Recognize the composition and characteristics of service markets and their significance.

Understand the diverse types of firms involved in the industrial market.

---

Definitions:

Set Point

The weight range in which your body is programmed to function optimally and tends to stay within despite fluctuations.

Self-Transcendence

The process of moving beyond personal concerns and ego to achieve a higher state of consciousness and understanding of the universe.

Optimum Arousal

A psychological theory suggesting there is a level of arousal or stimulation at which performance, learning, or motivation is maximized.

Secretion

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.