QUESTION $6$

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 $3\mathrm{.}9,$ what should be the percent increase in sales from the current level assuming no change in

assets? $($Answers are rounded$)$

A$.50\%$

B$.47\%$

C$.43\%$

D$.40\%$

E$.37\%$

F$.33\%$

G$.30\%$

H$.27\%$