Western Hardwood Sales has total equity of $79,000,a profit margin of 4.8 percent,an equity multiplier of 1.5,and a total asset turnover of 1.3.What is the amount of the firm's sales?
A) $154,050
B) $173,550
C) $181,430
D) $185,620
E) $739,440
Correct Answer:
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