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For the most recent year, Triad Company had fixed costs of $100,000 and variable costs of 60% of total sales revenue, earned $32,500 of net
For the most recent year, Triad Company had fixed costs of $100,000 and variable costs of 60% of total sales revenue, earned $32,500 of net income after taxes, and had an income tax rate of 35%. |
Required: |
1. | Determine the before-tax income.
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