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| Galax, Inc. had operating income of $5,000,000 before interest and taxes. Galax’s net book value of plant assets at January 1 and December 31 were $22,000,000 and $18,000,000 respectively. Galax achieved a 25% return on investment for the year, with an investment turnover of 2.5. What were Galax’s sales for the year? A. $55,000,000 B. $45,000,000 C. $50,000,000 D. $20,000,000 |