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

question 150

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

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Definitions:

O-H Stretch

A specific stretching vibration in infrared spectroscopy that denotes the presence of an OH (hydroxyl) group in a molecule.

IR Spectrum

A graph demonstrating the infrared absorption and transmission of a substance, providing distinctive molecular fingerprints.

Carboxylic Acid

An organic acid characterized by the presence of a carboxyl group, with the formula R-COOH.

Hybridization

A concept in molecular chemistry describing the mixing of atomic orbitals to form new orbitals for bonding.