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5 Edmonds Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $ 2
Edmonds Industries is forecasting the following income statement:
The CEO would like to see higher sales and a forecasted net income of $ Assume that
operating costs excluding depreciation and amortization are of sales and that depreciation
and amortization and interest expenses will increase by The tax rate, which is will remain
the same. Note that while the tax rate remains constant, the taxes paid will change. What level of
sales would generate $ in net income?
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