Turner's Store had a profit margin of 6.8 percent,sales of $898,200,and total assets of $798,000.If management set a goal of increasing the total asset turnover to 1.40 times,what would the new sales figure need to be,assuming no increase in total assets?
A) $860,333
B) $984,320
C) $1,088,500
D) $1,117,200
E) $1,257,480
Correct Answer:
Verified
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