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Listed below is the income statement for Tom and Sue Travels, Incorporated. The CEO of Tom and Sue's wants the company to earn a net
Listed below is the income statement for Tom and Sue Travels, Incorporated.
The CEO of Tom and Sue's wants the company to earn a net income of $ million. Cost of goods sold is expected to be
percent of net sales, depreciation and other operating expenses are not expected to change, interest expense is expected
to increase to $ million, and the firm's tax rate will be percent. Calculate the net sales needed to produce net income
of $ million.
Note: Enter your answer in millions of dollars rounded to decimal places. ie Enter as
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