Kattan Inc. reported a sales margin of 11%, a capital turnover of 5, and investment capital in the amount of $30,000,000. On the basis of this information, the company's sales revenue is:
A) $600,000.
B) $16,500,000.
C) $30,000,000.
D) $33,000,000.
E) $150,000,000.
Correct Answer:
Verified
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