The Florida Division of Garner Furniture reported the following results for 2020: Invested capital $800,000 Profit margin

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The Florida Division of Garner Furniture reported the following results for 2020:

Invested capital $800,000

Profit margin 5%

Return on investment 8%

Given this information, how much was sales?

a) $64,000

b) $1,600,000

c) $500,000

d) $1,280,000

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Dec 31, 2023 05:19 AM

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The Florida Division of Garner Furniture reported the following results for 2020: Invested capital $800,000 Profit margin

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To find the sales you can use the formula Return on Investment ROI Profit Marg... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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