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QUESTION 12 Hilarious Profits, Inc. (HPI) earned a profit of 20% on sales of $30,000,000. Its balance sheet shows total assets of $10,000,000. If HPI

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QUESTION 12 Hilarious Profits, Inc. (HPI) earned a profit of 20% on sales of $30,000,000. Its balance sheet shows total assets of $10,000,000. If HPI wants to achieve a Total Asset Turnover of 4.0, what should be the percent increase in sales from the current level assuming no change in assets? (Answers are rounded) O A 50% O B.47% - 43% O D. 40% OE.37% O F. 33% OG 30% OH.27%

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