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Edmonds Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $ 4 ,
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? Round your answer to the
nearest dollar, if necessary.
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