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Looking ahead to the following year, the company's CFO has assembled this information: - Year-end sales are expected to be 9% higher than the $3
Looking ahead to the following year, the company's CFO has assembled this information: - Year-end sales are expected to be 9% higher than the $3 billion in sales generated last year. - Year-end operating costs, excluding depreciation, are expected to equal 65% of year-end sales. - Depreciation is expected to increase at the same rate as sales. - Interest costs are expected to remain unchanged. - The tax rate is expected to remain at 25%. Round your answer to two decimal places. $ million
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