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Question 5 (2 points) Last year YYY Company had a 4.00% net profit margin based on $30,000,000 in sales and $15,000,000 of total assets. During

Question 5 (2 points)\ Last year YYY Company had a

4.00%

net profit margin based on

$30,000,000

in sales and

$15,000,000

of total assets. During the coming year, the president has a goal of attaining a

8%

return on total assets. How much must firm sales equal, other things being the same, for the goal to be achieved? (Round your answer to nearest dollar.)\

$34,358,100

\

$30,000,000

\

$30,000,000

\

$32,919,000

\

$26,919,000
image text in transcribed

Question 5 (2 points) Last year YYY Company had a 4.00% net profit margin based on $30,000,000 in sales and $15,000,000 of total assets. During the coming year, the president has s a goal of attaining a 8% return on total assets. How much must firm sales equal, other things being the same, for the goal to be achieved? (Round your answer to t nearest dollar.) $34,358,100 $30,000,000 $30,000,000 $32,919,000 $26,919,000

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