A company had net income of $42,000, net sales of $320,000, and average total assets of $220,000. Its profit margin and total asset turnover were respectively:
A. 2.01%; 1.45.
B. 13.13%; 1.45.
C. 13.13%; 0.19.
D. 1.45%; 13.13.
E. 1.45%; 0.19.
Answer: B
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