Calculate Sales Given the Following Data

question 100

Multiple Choice

Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities $155,000; total liabilities $280,000; total shareholders' equity $320,000; net working capital turnover 20.

• A) $1,500,000
• B) $1,700,000
• C) $1,900,000
• D) $2,100,000
• E) $2,250,000

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