The sales manager for the Tool Box, a fine and large tool and machinery outlet, wants to increase the company's operating profit margin from 20% to 30%. The operating income of the company is $180,000
Required
Compute the amount of sales revenue needed to achieve the goal?
A) $600,000
B) $485,000
C) $525,000
D) $613,000
E) $500,000
A
Explanation: A) [($180,000 / 0.30)] = $600,000
Business
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