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A company had net income of $45,000, net sales of $390,000, and average total assets of $450,000 for the current year. Calculate the company's profit margin, total asset turnover, and return on total assets.
Prohibited
Forbidden by law, rules, or other forms of authority.
Infringes
The act of violating, breaching, or encroaching upon laws, regulations, contracts, or the rights of others.
Production Possibilities Curve
A graphical representation showing the maximum combination of goods or services that can be produced with a given set of resources and technology.
Efficiently
The manner of achieving a goal or completing a task with the minimum waste of time and effort.
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