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.

---

Definitions:

Black Belt

A rank in martial arts signifying a high level of competence and expertise, often associated with years of training.

Performance Goals

Objectives centered around achieving a specific standard of proficiency on a task, often within a set timeframe.

Intrinsic Pleasure

A sense of satisfaction or joy derived from engaging in an activity for its own sake, rather than for some external reward.

Intrinsic Satisfaction

A sense of fulfillment or joy derived from within oneself, not dependent on external factors.