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Yellow Hat Company has a sales margin of 18%, a target rate of return of...

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Accounting

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Yellow Hat Company has a sales margin of 18%, a target rate of return of 1.6%, and capital turnover of 1.6. Its operating income is $102,600. The sales in dollars for Yellow Hat Company may be closest to A. $64,125 B. $164,160 C. $18,468 D. $570,000

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