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:

Career Change

The process of switching from one profession or occupation to another, often involving retraining and the development of new skills.

Mental Health

refers to the state of someone’s emotional, psychological, and social well-being, affecting how they think, feel, and act.

Identity Certainty

A state of clear, secure understanding, and confidence in one's own sense of self, values, and beliefs.

Generativity

A sense of productivity and creativity, usually developed during middle adulthood, involving concern for establishing and guiding the next generation.