Eagle Company has a sales margin of 15%, a target rate of return of 14%, and capital turnover of 2.5. Its operating income is $87,000. The sales in dollars for Eagle Company may be closest to

Harrison Products is selling 1 million shares of stock in an auction IPO. At the end of the bidding period it has received the bids shown above. Which of the following is closest to the price at which the shares will be offered?

Price ($) Number of Shares Bid 6.00 100,000 6.25 200,000 6.50 450,000 6.75 150,000 7.00 450,000 7.25 100,000 7.50 300,000 A) $6.25 B) $6.60 C) $6.75 D) $7.00

E-procurement typically occurs between businesses only

Indicate whether the statement is true or false