Edmonds Industries is forecasting the following income statement: Sales $6,000,000 Operating costs excluding depreciation & amortization 3,300,000 EBITDA $2,700,000 Depreciation and amortization 480,000 EBIT $2,220,000 Interest EBT Taxes (25% Net income 300,000 $1,920,000 480,000 $1,440,000 The CEO would like to see higher sales and a forecasted net income of $2,690,000. A amortization) are 55% of sales and that depreciation and amortization and interest = remain the same. (Note that while the tax rate remains constant, the taxes paid will income? Round your answer to the nearest dollar, if necessary. Grade it Keep the Highest / 1 ome Statement) Problem Walk-Through recasting the following income statement: $6,000,000 g depreciation & amortization 3,300,000 $2,700,000 zation 480,000 $2,220,000 300,000 $1,920,000 480,000 $1,440,000 ee higher sales and a forecasted net income of $2,690,000. Assume that operating costs (excluding depreciation and f sales and that depreciation and amortization and interest expenses will increase by 6%. The tax rate, which is 25%, will that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $2,690,000 in net wer to the nearest dollar, if necessary. Grade it Now Save & Continue Continue without saving eBook Problem Walk-Through Edmonds Industries is forecasting the following income statement: Sales Operating costs excluding EBITDA Depreciation and amortization $5,000,000 & amortization 2,750,000 $2,250,000 400,000 EBIT Interest EBT Taxes (25%) Net income $1,850,000 350,000 $1,500,000 375,000 $1,125,000 The CEO would like to see higher sales and a forecasted net income of $2,120,000. Assume that operating costs (excluding de amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 9%. The tax rat remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would gener income? Round your answer to the nearest dollar, if necessary. $ Grade it Now Save & Continue A-Z Problem Walk-Through recasting the following income statement: g depre zatio $5,000,000 Namortization 2,750,000 $2,250,000 400,000 $1,850,000 350,000 $1,500,000 375,000 $1,125,000 ee higher sales and a forecasted net income of $2,120,000. Assume that operating costs (excluding depreciation and f sales and that depreciation and amortization and interest expenses will increase by 9%. The tax rate, which is 25%, will that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $2,120,000 in net wer to the nearest dollar, if necessary.