A Company Has a Profit Margin of 12

question 132

Multiple Choice

A company has a profit margin of 12%.If net income is equal to $450,000 and average total asset is equal to $600,500,how much are sales?

• A)$1,050,500
• B)$126,060
• C)$72,060
• D)$54,000
• E)$3,750,000