Eastern Hardwood Sales has total equity of $89,000, 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) $168,200
B) $173,550
C) $181,430
D) $185,620
E) $187,500
Correct Answer:
Verified
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