Eagle Company Has a Sales Margin of 15%, a Target

question 146

Multiple Choice

Eagle Company has a sales margin of 15%, a target rate of return of 14%, and capital turnover of 2.5. Its operating income is $87,000. The sales in dollars for Eagle Company would be closest to

• A)$580,000.
• B)$34,800.
• C)$13,050.
• D)$217,500.

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Definitions:

Team Presentation

A collaborative presentation by a group of individuals focused on communicating a unified message or project findings.

Information Technology

Information technology involves the use of computers, software, and telecommunications to create, store, exchange, and use information in various forms.

Accounts Management

The process of overseeing and managing the financial accounts and relationships of a business with its clients.

Multinational

A corporation or enterprise that operates in several countries but is managed from one (home) country.