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23. What are the annual sales for a firm with $400,000 in debt, a total debt ratio of .4, and an asset turnover of 3?

23. What are the annual sales for a firm with $400,000 in debt, a total debt ratio of .4, and an asset turnover of 3?

a. $333,333

b. $1,200,000

c. $1,800,000

d. $3,000,000

Explain

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