If a business had a margin of safety ratio of 20%, variable costs of 75% of sales, fixed costs of $240,000, a break-even point of $960,000, and operating income of $60,000 for the current year, what are the current year's sales?
A) $1,200,000
B) $1,040,000
C) $1,260,000
D) $1,020,000
A
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