Homework SourseDove Incorporated has operating income of 650000 a sales mar
Dove Incorporated has operating income of $650,000, a sales margin of 10%, and a capital turnover rate of 2.0. What amount would Dove report for sales?
Dove Incorporated has operating income of $650,000, a sales margin of 10%, and a capital turnover rate of 2.0. What amount would Dove report for sales?
Solution
capital turnover rate = 2
operating income = $650,000
Sales margin = 10%
Dove reports for sales ($650,000/10%) = $6,500,000
