Question
The Profit Margin on Sales is 10%. The Earnings Before Interest and Taxes is $300,000 and the Earnings After Taxes is $200,000. The Sales Revenue
The Profit Margin on Sales is 10%. The Earnings Before Interest and Taxes is $300,000 and the Earnings After Taxes is $200,000. The Sales Revenue is:
| a. | $3,000,000 | |
| b. | $1,000,000 | |
| c. | $2,000,000 | |
| d. | Cannot calculate because Total Assets is not shown |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
