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Martin Corporation expects sales to be $2,400,000 next year and for sales to grow at 10% for two additional years. Martin expects variable costs to
Martin Corporation expects sales to be $2,400,000 next year and for sales to grow at 10% for two additional years. Martin expects variable costs to be 50% of that years sales and fixed cost to be $340,000 for each of the next three years. Taxes will be 28% of operating profit. Please prepare a budgeted income statement for the next three years.
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