Please help with all the calculations and answer The 2016 income statement for J.Galarraga Corporation is below: Revenues $ 14,000,000 Cost of Goods Sold 6,500,000 Gross Margin $ 7,500,000 Selling Expenses 3,400,000 Administrative Expenses 700,000 Net Operating Income $ 3,400,000 The company's margin of safety is $8,500,000. What would our revenues need to be to earn the NOI of $5,100,000? A. $ 16,300,000 B. $ 19,750,000 C. $ 18,250,000 D. $ 15,700,000 E. None of the above

Please help with all the calculations and answer The 2016 income statement for J.Galarraga Corporation is below: Revenues $ 14,000,000 Cost of Goods Sold 6,500,000 Gross Margin $ 7,500,000 Selling Expenses 3,400,000 Administrative Expenses 700,000 Net Operating Income $ 3,400,000 The company's margin of safety is $8,500,000. What would our revenues need to be to earn the NOI of $5,100,000? A. $ 16,300,000 B. $ 19,750,000 C. $ 18,250,000 D. $ 15,700,000 E. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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