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Harvest Company Has a Sales Margin of 20%, Operating Income

Question 203

Multiple Choice

Harvest Company has a sales margin of 20%, operating income of $574,000, and capital turnover of 2.0. The sales in dollars for Harvest Company may be closest to


A) $114,800.
B) $287,000.
C) $1,148,000.
D) $2,870,000.

Correct Answer:

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