Turner's Store Had a Profit Margin of 6

Multiple Choice

Turner's Store had a profit margin of 6.8 percent, sales of $498,200, and total assets of $542,000.If management set a goal of increasing the total asset turnover to 1.10 times, what would the new sales figure need to be, assuming no increase in total assets?

A) $467,185
B) $492,727
C) $488,500
D) $596,200
E) $657,480