Harvest Company Has a Sales Margin of 20%, Operating Income

question 203

Multiple Choice

Harvest Company has a sales margin of 20%, operating income of $574,000, and capital turnover of 2.0. The sales in dollars for Harvest Company may be closest to

• A)$114,800.
• B)$287,000.
• C)$1,148,000.
• D)$2,870,000.

---

Definitions:

Fashion Product

A product that comes in and out of favor with consumers.

Fad Product

A product that is very popular for a relatively short amount of time.

New-Product Development Process

A series of stages that an organization goes through to conceive, design, develop, and market new products.

Ideas

Creative thoughts or plans that are generated in the mind as potential solutions to a problem or for innovative projects.