Question
XYZ Companyhas $72,000 of operating income, a profit margin (i.e. sales margin) of 15%, a target rate of return of 10%, and asset turnover (i.e.
XYZ Companyhas $72,000 of operating income, a profit margin (i.e. sales margin) of 15%, a target rate of return of 10%, and asset turnover (i.e. capital turnover) of 3 times. The sales in dollars for XYZ Company would be closest to which of the following?
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Accounting Information Systems
Authors: Robert Hurt
4th Edition
78025885, 78025884, 9781259293795 , 978-0078025884
