the information for company c for 2020 is as follows

sales (a)

net operating income (b)

average operating assets $2000000

profit margin 5%

asset turnover (c)

ROI 15%

what is company c's sales in 2020?

1)30,000 2) 300,000 3) there is not enough information to calculate the sales of company c 4) 6000000

Each production worker can produce 5 wooden carts per hr at a cost of $15 per hr. During the month of July, Capital Hill Ltd has forecasted sales of 100,000 carts. The beginning inventory was 1,000 carts, and desired ending inventory is 2,500 carts. How many hours of direct labour must be budgeted to meet production needs?

1) 20,300 hrs 2) 19,700 hrs, 3) 21,200 hrs 4) 20,000 hrs