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i need help please plug in the accurate numbers below asap help needed Edmonds Industries is forecasting the following income statement: The CEO would like
i need help please plug in the accurate numbers below asap help needed
Edmonds Industries is forecasting the following income statement: The CEO would like to see higher sales and a forecasted net income of $3,340,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. The tax rate, which is 25\%6, will remain the same. (Note that while the tax rate remains corstant, the taxes paid will change.) What level of sales would gerierate $3,340,000 in net income? Round your answer to the nearest dollar, if necessary Step by Step Solution
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