Atlas Corporation aims to achieve a gross profit margin of 35%. If projected net sales for 2026 are $7.2 million, how much gross profit will be necessary? A) $2.16 million B) $2.52 million C) $4.68 million D) $5.33 million

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section: Chapter Questions
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Atlas Corporation aims to achieve a gross profit margin of 35%. If projected
net sales for 2026 are $7.2 million, how much gross profit will be necessary?
A) $2.16 million
B) $2.52 million
C) $4.68 million
D) $5.33 million
Transcribed Image Text:Atlas Corporation aims to achieve a gross profit margin of 35%. If projected net sales for 2026 are $7.2 million, how much gross profit will be necessary? A) $2.16 million B) $2.52 million C) $4.68 million D) $5.33 million
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