Answered: A firm has revenue of $14,000,000 and a…

A firm has revenue of $14,000,000 and a goal of a 12% return on sales. What does profit need to be to meet the goal? $ Answer 0 Show your work or leave a comment

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4: Preparing And Using Financial Statements

Section: Chapter Questions

Problem 1bM

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A firm has revenue of $14,000,000 and a goal of a 12% return on sales. What does profit need to be to meet the goal?
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