The information that follows relates to Khan Corporation:
Sales margin: 7.5%
Capital turnover: 2
Invested capital: $20,000,000
On the basis of this information, the company's sales revenue is:
A) $1,500,000.
B) $3,000,000.
C) $10,000,000.
D) $40,000,000.
E) None of the answers is correct.
Correct Answer:
Verified
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