Multiple Choice
Eagle Company has a sales margin of 15%, a target rate of return of 14%, and capital turnover of 2.5. Its operating income is $87,000. The sales in dollars for Eagle Company would be closest to
A) $580,000.
B) $34,800.
C) $13,050.
D) $217,500.
Correct Answer:
Verified
Correct Answer:
Verified
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